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$302,386$302,386$495,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$192,614$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.740%7.640%
1st payment$1,566.53$1,566.53$3,427.28
2nd payment$0.00$1,284.09$0.00
Taxes / mo$374.67$374.67$374.67
Insurance / mo$166.67$166.67$166.67
MI / mo$248.65$248.65$99.00
HOA / mo$45.00$45.00$45.00
Total monthly$2,401.52$3,685.61$4,112.61
Cash to close$247,614$55,000$55,000