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$273,491$273,491$702,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$428,509$0
Funding fee$0$0$0
Note rate3.100%3.100%7.400%
Blended rate3.950%6.270%7.640%
1st payment$1,299.77$1,299.77$4,860.51
2nd payment$0.00$2,767.45$0.00
Taxes / mo$650.00$650.00$650.00
Insurance / mo$216.67$216.67$216.67
MI / mo$215.61$215.61$140.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,382.05$5,149.50$5,867.57
Cash to close$506,509$78,000$78,000