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$293,034$293,034$764,910
Remaining term (yrs)19.119.130.0
Secondary amount$0$471,876$0
Funding fee$0$0$0
Note rate3.800%3.800%7.400%
Blended rate4.650%6.562%7.640%
1st payment$1,790.50$1,790.50$5,296.08
2nd payment$0.00$3,047.53$0.00
Taxes / mo$364.00$364.00$364.00
Insurance / mo$216.67$216.67$216.67
MI / mo$272.19$272.19$152.98
HOA / mo$55.00$55.00$55.00
Total monthly$2,698.35$5,745.89$6,084.73
Cash to close$556,866$84,990$84,990