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$334,619$334,619$571,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$236,881$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%5.455%7.640%
1st payment$1,572.77$1,572.77$3,956.95
2nd payment$0.00$1,529.85$0.00
Taxes / mo$256.83$256.83$256.83
Insurance / mo$166.67$166.67$166.67
MI / mo$264.92$264.92$114.30
HOA / mo$70.00$70.00$70.00
Total monthly$2,331.18$3,861.04$4,564.75
Cash to close$300,381$63,500$63,500