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$293,486$293,486$809,999
Remaining term (yrs)19.019.030.0
Secondary amount$0$516,513$0
Funding fee$0$0$0
Note rate3.860%3.860%7.400%
Blended rate4.710%6.649%7.640%
1st payment$1,807.69$1,807.69$5,608.27
2nd payment$0.00$3,335.81$0.00
Taxes / mo$750.00$750.00$750.00
Insurance / mo$216.67$216.67$216.67
MI / mo$272.80$272.80$162.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,047.15$6,382.96$6,736.94
Cash to close$606,513$90,000$90,000