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$334,368$334,368$970,110
Remaining term (yrs)15.415.430.0
Secondary amount$0$635,742$0
Funding fee$0$0$0
Note rate4.450%4.450%7.400%
Blended rate5.300%6.906%7.640%
1st payment$2,491.56$2,491.56$6,716.85
2nd payment$0.00$4,105.84$0.00
Taxes / mo$898.25$898.25$898.25
Insurance / mo$216.67$216.67$216.67
MI / mo$350.37$350.37$194.02
HOA / mo$0.00$0.00$0.00
Total monthly$3,956.85$8,062.68$8,025.78
Cash to close$743,532$107,790$107,790