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$232,357$232,357$562,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$330,143$0
Funding fee$0$0$0
Note rate2.980%2.980%7.320%
Blended rate3.830%6.131%7.560%
1st payment$1,096.99$1,096.99$3,863.98
2nd payment$0.00$2,132.17$0.00
Taxes / mo$105.67$105.67$105.67
Insurance / mo$166.67$166.67$166.67
MI / mo$184.78$184.78$112.50
HOA / mo$250.00$250.00$250.00
Total monthly$1,804.10$3,936.27$4,498.82
Cash to close$392,643$62,500$62,500