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$330,758$330,758$530,100
Remaining term (yrs)22.422.430.0
Secondary amount$0$199,342$0
Funding fee$0$0$0
Note rate4.630%4.630%7.400%
Blended rate5.480%6.428%7.640%
1st payment$1,969.97$1,969.97$3,670.31
2nd payment$0.00$1,328.95$0.00
Taxes / mo$490.83$490.83$490.83
Insurance / mo$166.67$166.67$166.67
MI / mo$271.25$271.25$106.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,898.72$4,227.66$4,433.83
Cash to close$258,242$58,900$58,900