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$302,990$302,990$797,310
Remaining term (yrs)10.410.430.0
Secondary amount$0$494,320$0
Funding fee$0$0$0
Note rate5.920%5.920%7.320%
Blended rate6.770%7.378%7.560%
1st payment$3,234.73$3,234.73$5,476.97
2nd payment$0.00$3,192.49$0.00
Taxes / mo$738.25$738.25$738.25
Insurance / mo$216.67$216.67$216.67
MI / mo$385.46$385.46$159.46
HOA / mo$440.00$440.00$440.00
Total monthly$5,015.11$8,207.59$7,031.35
Cash to close$582,910$88,590$88,590