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$310,397$310,397$845,100
Remaining term (yrs)19.919.930.0
Secondary amount$0$534,703$0
Funding fee$0$0$0
Note rate3.920%3.920%7.400%
Blended rate4.770%6.655%7.640%
1st payment$1,867.88$1,867.88$5,851.30
2nd payment$0.00$3,453.29$0.00
Taxes / mo$782.50$782.50$782.50
Insurance / mo$216.67$216.67$216.67
MI / mo$274.83$274.83$169.02
HOA / mo$0.00$0.00$0.00
Total monthly$3,141.89$6,595.18$7,019.49
Cash to close$628,603$93,900$93,900