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$269,171$269,171$585,000
Remaining term (yrs)20.320.330.0
Secondary amount$0$315,829$0
Funding fee$0$0$0
Note rate4.200%4.200%7.400%
Blended rate5.050%6.508%7.640%
1st payment$1,638.02$1,638.02$4,050.42
2nd payment$0.00$2,039.73$0.00
Taxes / mo$322.75$322.75$322.75
Insurance / mo$166.67$166.67$166.67
MI / mo$237.26$237.26$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,364.70$4,404.44$4,656.84
Cash to close$380,829$65,000$65,000