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$381,313$381,313$674,100
Remaining term (yrs)20.020.030.0
Secondary amount$0$292,787$0
Funding fee$0$0$0
Note rate4.580%4.580%7.320%
Blended rate5.430%6.438%7.560%
1st payment$2,416.60$2,416.60$4,630.60
2nd payment$0.00$1,890.92$0.00
Taxes / mo$261.92$261.92$261.92
Insurance / mo$216.67$216.67$216.67
MI / mo$334.69$334.69$134.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,229.87$5,120.79$5,244.00
Cash to close$367,687$74,900$74,900