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$295,769$295,769$944,100
Remaining term (yrs)15.415.430.0
Secondary amount$0$648,331$0
Funding fee$0$0$0
Note rate4.450%4.450%7.400%
Blended rate5.300%6.982%7.640%
1st payment$2,195.76$2,195.76$6,536.76
2nd payment$0.00$4,187.14$0.00
Taxes / mo$874.17$874.17$874.17
Insurance / mo$216.67$216.67$216.67
MI / mo$308.77$308.77$188.82
HOA / mo$179.00$179.00$179.00
Total monthly$3,774.36$7,961.49$7,995.41
Cash to close$753,231$104,900$104,900