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$302,436$302,436$742,410
Remaining term (yrs)20.920.930.0
Secondary amount$0$439,974$0
Funding fee$0$0$0
Note rate3.900%3.900%7.400%
Blended rate4.750%6.528%7.640%
1st payment$1,759.79$1,759.79$5,140.30
2nd payment$0.00$2,841.50$0.00
Taxes / mo$687.42$687.42$687.42
Insurance / mo$216.67$216.67$216.67
MI / mo$264.28$264.28$148.48
HOA / mo$0.00$0.00$0.00
Total monthly$2,928.16$5,769.65$6,192.86
Cash to close$522,464$82,490$82,490