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$207,043$207,043$529,200
Remaining term (yrs)25.225.230.0
Secondary amount$0$322,157$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%6.216%7.640%
1st payment$970.99$970.99$3,664.07
2nd payment$0.00$2,080.60$0.00
Taxes / mo$566.42$566.42$566.42
Insurance / mo$166.67$166.67$166.67
MI / mo$163.55$163.55$105.84
HOA / mo$0.00$0.00$0.00
Total monthly$1,867.63$3,948.22$4,503.00
Cash to close$380,957$58,800$58,800