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$392,483$392,483$692,999
Remaining term (yrs)22.222.230.0
Secondary amount$0$300,516$0
Funding fee$0$0$0
Note rate4.810%4.810%7.320%
Blended rate5.660%6.566%7.560%
1st payment$2,391.95$2,391.95$4,760.42
2nd payment$0.00$1,940.83$0.00
Taxes / mo$251.17$251.17$251.17
Insurance / mo$216.67$216.67$216.67
MI / mo$322.56$322.56$138.60
HOA / mo$0.00$0.00$0.00
Total monthly$3,182.34$5,123.18$5,366.86
Cash to close$377,516$77,000$77,000