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$299,494$299,494$756,000
Remaining term (yrs)19.819.830.0
Secondary amount$0$456,506$0
Funding fee$0$0$0
Note rate3.410%3.410%7.400%
Blended rate4.260%6.367%7.640%
1st payment$1,728.16$1,728.16$5,234.39
2nd payment$0.00$2,948.27$0.00
Taxes / mo$394.08$394.08$394.08
Insurance / mo$216.67$216.67$216.67
MI / mo$275.68$275.68$151.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,614.59$5,562.85$5,996.34
Cash to close$540,506$84,000$84,000