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$240,388$240,388$436,500
Remaining term (yrs)21.821.830.0
Secondary amount$0$196,112$0
Funding fee$0$0$0
Note rate4.540%4.540%7.400%
Blended rate5.390%6.563%7.640%
1st payment$1,444.55$1,444.55$3,022.24
2nd payment$0.00$1,307.41$0.00
Taxes / mo$404.17$404.17$404.17
Insurance / mo$166.67$166.67$166.67
MI / mo$201.00$201.00$87.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,216.38$3,523.79$3,680.37
Cash to close$244,612$48,500$48,500