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$361,729$361,729$674,910
Remaining term (yrs)20.720.730.0
Secondary amount$0$313,181$0
Funding fee$0$0$0
Note rate4.030%4.030%7.400%
Blended rate4.880%6.212%7.640%
1st payment$2,140.63$2,140.63$4,672.94
2nd payment$0.00$2,022.62$0.00
Taxes / mo$624.92$624.92$624.92
Insurance / mo$216.67$216.67$216.67
MI / mo$316.45$316.45$134.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,298.66$5,321.29$5,649.51
Cash to close$388,171$74,990$74,990