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$353,827$353,827$737,910
Remaining term (yrs)22.722.730.0
Secondary amount$0$384,083$0
Funding fee$0$0$0
Note rate4.060%4.060%7.400%
Blended rate4.910%6.388%7.640%
1st payment$1,983.11$1,983.11$5,109.14
2nd payment$0.00$2,480.53$0.00
Taxes / mo$212.75$212.75$212.75
Insurance / mo$216.67$216.67$216.67
MI / mo$292.11$292.11$147.58
HOA / mo$16.25$16.25$16.25
Total monthly$2,720.89$5,201.43$5,702.39
Cash to close$466,073$81,990$81,990