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$239,035$239,035$539,100
Remaining term (yrs)16.816.830.0
Secondary amount$0$300,065$0
Funding fee$0$0$0
Note rate4.070%4.070%7.320%
Blended rate4.920%6.495%7.560%
1st payment$1,630.95$1,630.95$3,703.24
2nd payment$0.00$1,937.92$0.00
Taxes / mo$397.92$397.92$397.92
Insurance / mo$166.67$166.67$166.67
MI / mo$239.95$239.95$107.82
HOA / mo$50.00$50.00$50.00
Total monthly$2,485.48$4,423.40$4,425.65
Cash to close$359,965$59,900$59,900