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$215,430$215,430$441,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$225,570$0
Funding fee$0$0$0
Note rate2.980%2.980%7.320%
Blended rate3.830%5.835%7.560%
1st payment$1,019.36$1,019.36$3,029.36
2nd payment$0.00$1,456.80$0.00
Taxes / mo$580.33$580.33$580.33
Insurance / mo$166.67$166.67$166.67
MI / mo$171.70$171.70$88.20
HOA / mo$39.58$39.58$39.58
Total monthly$1,977.64$3,434.44$3,904.14
Cash to close$274,570$49,000$49,000