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$274,294$274,294$598,500
Remaining term (yrs)19.919.930.0
Secondary amount$0$324,206$0
Funding fee$0$0$0
Note rate3.440%3.440%7.400%
Blended rate4.290%6.164%7.640%
1st payment$1,577.79$1,577.79$4,143.89
2nd payment$0.00$2,093.83$0.00
Taxes / mo$554.17$554.17$554.17
Insurance / mo$166.67$166.67$166.67
MI / mo$250.75$250.75$119.70
HOA / mo$435.00$435.00$435.00
Total monthly$2,984.37$5,078.20$5,419.43
Cash to close$390,706$66,500$66,500