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$306,796$306,796$762,210
Remaining term (yrs)21.221.230.0
Secondary amount$0$455,414$0
Funding fee$0$0$0
Note rate3.920%3.920%7.400%
Blended rate4.770%6.551%7.640%
1st payment$1,770.41$1,770.41$5,277.39
2nd payment$0.00$2,941.22$0.00
Taxes / mo$385.67$385.67$385.67
Insurance / mo$216.67$216.67$216.67
MI / mo$265.23$265.23$152.44
HOA / mo$50.00$50.00$50.00
Total monthly$2,687.97$5,629.19$6,082.16
Cash to close$540,104$84,690$84,690