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$222,559$222,559$422,100
Remaining term (yrs)22.422.430.0
Secondary amount$0$199,541$0
Funding fee$0$0$0
Note rate4.370%4.370%7.400%
Blended rate5.220%6.534%7.640%
1st payment$1,293.47$1,293.47$2,922.54
2nd payment$0.00$1,330.27$0.00
Taxes / mo$390.83$390.83$390.83
Insurance / mo$166.67$166.67$166.67
MI / mo$183.61$183.61$84.42
HOA / mo$0.00$0.00$0.00
Total monthly$2,034.59$3,364.86$3,564.46
Cash to close$246,441$46,900$46,900