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$294,725$294,725$544,500
Remaining term (yrs)20.820.830.0
Secondary amount$0$249,775$0
Funding fee$0$0$0
Note rate4.010%4.010%7.400%
Blended rate4.860%6.186%7.640%
1st payment$1,736.54$1,736.54$3,770.01
2nd payment$0.00$1,613.13$0.00
Taxes / mo$233.42$233.42$233.42
Insurance / mo$166.67$166.67$166.67
MI / mo$257.34$257.34$108.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,393.95$4,007.08$4,278.99
Cash to close$310,275$60,500$60,500