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$310,770$310,770$495,000
Remaining term (yrs)21.721.730.0
Secondary amount$0$184,230$0
Funding fee$0$0$0
Note rate4.550%4.550%7.400%
Blended rate5.400%6.368%7.640%
1st payment$1,873.36$1,873.36$3,427.28
2nd payment$0.00$1,228.20$0.00
Taxes / mo$252.17$252.17$252.17
Insurance / mo$166.67$166.67$166.67
MI / mo$260.36$260.36$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,552.56$3,780.76$3,945.11
Cash to close$239,230$55,000$55,000