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$243,358$243,358$594,000
Remaining term (yrs)18.918.930.0
Secondary amount$0$350,642$0
Funding fee$0$0$0
Note rate4.050%4.050%7.320%
Blended rate4.900%6.582%7.560%
1st payment$1,527.45$1,527.45$4,080.37
2nd payment$0.00$2,264.56$0.00
Taxes / mo$550.00$550.00$550.00
Insurance / mo$166.67$166.67$166.67
MI / mo$225.26$225.26$118.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,469.38$4,733.94$4,915.83
Cash to close$416,642$66,000$66,000