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$343,946$343,946$836,999
Remaining term (yrs)21.521.530.0
Secondary amount$0$493,053$0
Funding fee$0$0$0
Note rate4.660%4.660%7.320%
Blended rate5.510%6.830%7.560%
1st payment$2,103.58$2,103.58$5,749.60
2nd payment$0.00$3,184.30$0.00
Taxes / mo$625.00$625.00$625.00
Insurance / mo$216.67$216.67$216.67
MI / mo$288.63$288.63$167.40
HOA / mo$0.00$0.00$0.00
Total monthly$3,233.88$6,418.18$6,758.67
Cash to close$586,053$93,000$93,000