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$310,871$310,871$441,000
Remaining term (yrs)22.822.830.0
Secondary amount$0$130,129$0
Funding fee$0$0$0
Note rate4.070%4.070%7.400%
Blended rate4.920%5.829%7.640%
1st payment$1,740.20$1,740.20$3,053.39
2nd payment$0.00$867.52$0.00
Taxes / mo$399.58$399.58$399.58
Insurance / mo$166.67$166.67$166.67
MI / mo$256.02$256.02$88.20
HOA / mo$16.67$16.67$16.67
Total monthly$2,579.14$3,446.66$3,724.51
Cash to close$179,129$49,000$49,000