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$328,630$328,630$494,999
Remaining term (yrs)22.722.730.0
Secondary amount$0$166,369$0
Funding fee$0$0$0
Note rate4.070%4.070%7.400%
Blended rate4.920%5.955%7.640%
1st payment$1,843.68$1,843.68$3,427.27
2nd payment$0.00$1,109.12$0.00
Taxes / mo$458.33$458.33$458.33
Insurance / mo$166.67$166.67$166.67
MI / mo$271.25$271.25$99.00
HOA / mo$170.00$170.00$170.00
Total monthly$2,909.92$4,019.05$4,321.27
Cash to close$221,369$55,000$55,000