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$224,292$224,292$494,100
Remaining term (yrs)22.222.230.0
Secondary amount$0$269,808$0
Funding fee$0$0$0
Note rate4.940%4.940%7.400%
Blended rate5.790%6.860%7.640%
1st payment$1,383.35$1,383.35$3,421.05
2nd payment$0.00$1,742.51$0.00
Taxes / mo$457.50$457.50$457.50
Insurance / mo$166.67$166.67$166.67
MI / mo$183.79$183.79$98.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,191.30$3,933.81$4,144.04
Cash to close$324,708$54,900$54,900