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$245,742$245,742$531,000
Remaining term (yrs)29.129.130.0
Secondary amount$0$285,258$0
Funding fee$0$0$0
Note rate4.750%4.750%7.320%
Blended rate5.300%6.616%7.560%
1st payment$1,296.83$1,296.83$3,647.60
2nd payment$0.00$1,842.29$0.00
Taxes / mo$322.92$322.92$322.92
Insurance / mo$166.67$166.67$166.67
MI / mo$113.94$113.94$106.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,900.35$3,742.64$4,243.38
Cash to close$344,258$59,000$59,000