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$274,698$274,698$584,100
Remaining term (yrs)22.922.930.0
Secondary amount$0$309,402$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%6.269%7.640%
1st payment$1,483.53$1,483.53$4,044.19
2nd payment$0.00$1,998.22$0.00
Taxes / mo$519.67$519.67$519.67
Insurance / mo$166.67$166.67$166.67
MI / mo$226.90$226.90$116.82
HOA / mo$78.00$78.00$78.00
Total monthly$2,474.76$4,472.98$4,925.34
Cash to close$374,302$64,900$64,900