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$332,759$332,759$733,410
Remaining term (yrs)18.818.830.0
Secondary amount$0$400,651$0
Funding fee$0$0$0
Note rate4.390%4.390%7.400%
Blended rate5.240%6.611%7.640%
1st payment$2,160.39$2,160.39$5,077.98
2nd payment$0.00$2,587.54$0.00
Taxes / mo$679.08$679.08$679.08
Insurance / mo$216.67$216.67$216.67
MI / mo$305.95$305.95$146.68
HOA / mo$0.00$0.00$0.00
Total monthly$3,362.09$5,949.63$6,120.41
Cash to close$482,141$81,490$81,490