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$297,226$297,226$571,500
Remaining term (yrs)20.720.730.0
Secondary amount$0$274,274$0
Funding fee$0$0$0
Note rate4.010%4.010%7.400%
Blended rate4.860%6.247%7.640%
1st payment$1,755.75$1,755.75$3,956.95
2nd payment$0.00$1,771.36$0.00
Taxes / mo$529.17$529.17$529.17
Insurance / mo$166.67$166.67$166.67
MI / mo$260.18$260.18$114.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,711.76$4,483.12$4,767.08
Cash to close$337,774$63,500$63,500