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$337,608$337,608$522,000
Remaining term (yrs)22.722.730.0
Secondary amount$0$184,392$0
Funding fee$0$0$0
Note rate4.140%4.140%7.320%
Blended rate4.990%6.053%7.560%
1st payment$1,906.91$1,906.91$3,585.78
2nd payment$0.00$1,229.28$0.00
Taxes / mo$483.33$483.33$483.33
Insurance / mo$166.67$166.67$166.67
MI / mo$278.20$278.20$104.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,835.11$4,064.39$4,340.18
Cash to close$242,392$58,000$58,000