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$305,468$305,468$517,491
Remaining term (yrs)22.022.030.0
Secondary amount$0$212,023$0
Funding fee$0$0$0
Note rate4.520%4.520%7.400%
Blended rate5.370%6.345%7.640%
1st payment$1,820.16$1,820.16$3,583.00
2nd payment$0.00$1,369.32$0.00
Taxes / mo$479.16$479.16$479.16
Insurance / mo$166.67$166.67$166.67
MI / mo$253.86$253.86$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,719.84$4,089.16$4,332.33
Cash to close$269,522$57,499$57,499