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$302,322$302,322$639,000
Remaining term (yrs)18.318.330.0
Secondary amount$0$336,678$0
Funding fee$0$0$0
Note rate3.860%3.860%7.320%
Blended rate4.710%6.312%7.560%
1st payment$1,913.45$1,913.45$4,389.49
2nd payment$0.00$2,174.38$0.00
Taxes / mo$402.08$402.08$402.08
Insurance / mo$216.67$216.67$216.67
MI / mo$288.76$288.76$127.80
HOA / mo$105.00$105.00$105.00
Total monthly$2,925.95$5,100.33$5,241.04
Cash to close$407,678$71,000$71,000