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$274,704$274,704$562,500
Remaining term (yrs)18.918.930.0
Secondary amount$0$287,796$0
Funding fee$0$0$0
Note rate4.080%4.080%7.320%
Blended rate4.930%6.373%7.560%
1st payment$1,728.51$1,728.51$3,863.98
2nd payment$0.00$1,858.68$0.00
Taxes / mo$520.83$520.83$520.83
Insurance / mo$166.67$166.67$166.67
MI / mo$254.00$254.00$112.50
HOA / mo$450.00$450.00$450.00
Total monthly$3,120.01$4,978.69$5,113.98
Cash to close$350,296$62,500$62,500