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$305,492$305,492$621,000
Remaining term (yrs)20.120.130.0
Secondary amount$0$315,508$0
Funding fee$0$0$0
Note rate3.460%3.460%7.400%
Blended rate4.310%6.058%7.640%
1st payment$1,750.34$1,750.34$4,299.68
2nd payment$0.00$2,037.66$0.00
Taxes / mo$575.00$575.00$575.00
Insurance / mo$166.67$166.67$166.67
MI / mo$277.48$277.48$124.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,769.49$4,807.14$5,165.55
Cash to close$384,508$69,000$69,000