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$306,949$306,949$629,910
Remaining term (yrs)20.720.730.0
Secondary amount$0$322,961$0
Funding fee$0$0$0
Note rate3.950%3.950%7.320%
Blended rate4.800%6.312%7.560%
1st payment$1,803.41$1,803.41$4,327.04
2nd payment$0.00$2,085.79$0.00
Taxes / mo$425.25$425.25$425.25
Insurance / mo$166.67$166.67$166.67
MI / mo$269.19$269.19$125.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,664.52$4,750.31$5,044.94
Cash to close$392,951$69,990$69,990