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$272,025$272,025$989,100
Remaining term (yrs)15.815.830.0
Secondary amount$0$717,075$0
Funding fee$0$0$0
Note rate3.840%3.840%7.400%
Blended rate4.690%6.908%7.640%
1st payment$1,905.73$1,905.73$6,848.33
2nd payment$0.00$4,631.11$0.00
Taxes / mo$384.17$384.17$384.17
Insurance / mo$216.67$216.67$216.67
MI / mo$288.29$288.29$197.82
HOA / mo$16.67$16.67$16.67
Total monthly$2,811.52$7,442.63$7,663.65
Cash to close$826,975$109,900$109,900