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$309,517$309,517$508,500
Remaining term (yrs)20.820.830.0
Secondary amount$0$198,983$0
Funding fee$0$0$0
Note rate3.890%3.890%7.400%
Blended rate4.740%6.016%7.640%
1st payment$1,803.99$1,803.99$3,520.75
2nd payment$0.00$1,326.55$0.00
Taxes / mo$470.83$470.83$470.83
Insurance / mo$166.67$166.67$166.67
MI / mo$271.25$271.25$101.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,712.74$4,039.29$4,259.95
Cash to close$255,483$56,500$56,500