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$419,283$419,283$674,999
Remaining term (yrs)22.722.730.0
Secondary amount$0$255,716$0
Funding fee$0$0$0
Note rate4.120%4.120%7.400%
Blended rate4.970%6.023%7.640%
1st payment$2,363.66$2,363.66$4,673.56
2nd payment$0.00$1,651.50$0.00
Taxes / mo$625.00$625.00$625.00
Insurance / mo$216.67$216.67$216.67
MI / mo$345.67$345.67$135.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,550.99$5,202.49$5,650.22
Cash to close$330,716$75,000$75,000