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$293,164$293,164$702,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$408,836$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%6.105%7.640%
1st payment$1,390.40$1,390.40$4,860.51
2nd payment$0.00$2,640.40$0.00
Taxes / mo$483.67$483.67$483.67
Insurance / mo$216.67$216.67$216.67
MI / mo$234.80$234.80$140.40
HOA / mo$160.00$160.00$160.00
Total monthly$2,485.53$5,125.94$5,861.24
Cash to close$486,836$78,000$78,000