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$249,299$249,299$575,999
Remaining term (yrs)21.721.730.0
Secondary amount$0$326,700$0
Funding fee$0$0$0
Note rate4.590%4.590%7.400%
Blended rate5.440%6.750%7.640%
1st payment$1,508.32$1,508.32$3,988.10
2nd payment$0.00$2,109.94$0.00
Taxes / mo$533.33$533.33$533.33
Insurance / mo$166.67$166.67$166.67
MI / mo$208.65$208.65$115.20
HOA / mo$132.00$132.00$132.00
Total monthly$2,548.97$4,658.90$4,935.30
Cash to close$390,700$64,000$64,000