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$362,252$362,252$592,999
Remaining term (yrs)22.722.730.0
Secondary amount$0$230,747$0
Funding fee$0$0$0
Note rate4.060%4.060%7.400%
Blended rate4.910%6.015%7.640%
1st payment$2,030.33$2,030.33$4,105.81
2nd payment$0.00$1,490.24$0.00
Taxes / mo$549.07$549.07$549.07
Insurance / mo$166.67$166.67$166.67
MI / mo$299.07$299.07$118.60
HOA / mo$80.00$80.00$80.00
Total monthly$3,125.14$4,615.38$5,020.15
Cash to close$296,636$65,889$65,889