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$297,980$297,980$764,999
Remaining term (yrs)17.917.930.0
Secondary amount$0$467,019$0
Funding fee$0$0$0
Note rate4.120%4.120%7.320%
Blended rate4.970%6.667%7.560%
1st payment$1,949.90$1,949.90$5,255.01
2nd payment$0.00$3,016.17$0.00
Taxes / mo$708.33$708.33$708.33
Insurance / mo$216.67$216.67$216.67
MI / mo$285.16$285.16$153.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,160.05$6,176.22$6,333.01
Cash to close$552,019$85,000$85,000