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$344,546$344,546$715,500
Remaining term (yrs)19.419.430.0
Secondary amount$0$370,954$0
Funding fee$0$0$0
Note rate4.180%4.180%7.400%
Blended rate5.030%6.440%7.640%
1st payment$2,155.56$2,155.56$4,953.98
2nd payment$0.00$2,395.74$0.00
Taxes / mo$116.08$116.08$116.08
Insurance / mo$216.67$216.67$216.67
MI / mo$312.98$312.98$143.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,801.29$5,197.03$5,429.83
Cash to close$450,454$79,500$79,500