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$395,056$395,056$742,499
Remaining term (yrs)22.022.030.0
Secondary amount$0$347,444$0
Funding fee$0$0$0
Note rate4.700%4.700%7.400%
Blended rate5.550%6.579%7.640%
1st payment$2,393.45$2,393.45$5,140.91
2nd payment$0.00$2,243.91$0.00
Taxes / mo$687.50$687.50$687.50
Insurance / mo$216.67$216.67$216.67
MI / mo$326.89$326.89$148.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,624.50$5,868.41$6,193.58
Cash to close$429,943$82,500$82,500