Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$269,910$269,910$494,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$225,000$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%5.612%7.640%
1st payment$1,313.05$1,313.05$3,426.66
2nd payment$0.00$1,453.13$0.00
Taxes / mo$104.58$104.58$104.58
Insurance / mo$166.67$166.67$166.67
MI / mo$221.17$221.17$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,805.47$3,258.60$3,796.89
Cash to close$279,990$54,990$54,990