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$222,579$222,579$549,000
Remaining term (yrs)18.118.130.0
Secondary amount$0$326,421$0
Funding fee$0$0$0
Note rate4.160%4.160%7.400%
Blended rate5.010%6.639%7.640%
1st payment$1,452.18$1,452.18$3,801.17
2nd payment$0.00$2,108.14$0.00
Taxes / mo$423.17$423.17$423.17
Insurance / mo$166.67$166.67$166.67
MI / mo$211.35$211.35$109.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,253.36$4,361.50$4,500.80
Cash to close$387,421$61,000$61,000