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$350,736$350,736$594,000
Remaining term (yrs)21.921.930.0
Secondary amount$0$243,264$0
Funding fee$0$0$0
Note rate4.610%4.610%7.320%
Blended rate5.460%6.398%7.560%
1st payment$2,116.57$2,116.57$4,080.37
2nd payment$0.00$1,571.08$0.00
Taxes / mo$550.00$550.00$550.00
Insurance / mo$166.67$166.67$166.67
MI / mo$292.11$292.11$118.80
HOA / mo$0.00$0.00$0.00
Total monthly$3,125.35$4,696.42$4,915.83
Cash to close$309,264$66,000$66,000