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$257,110$257,110$513,000
Remaining term (yrs)22.422.430.0
Secondary amount$0$255,890$0
Funding fee$0$0$0
Note rate4.460%4.460%7.400%
Blended rate5.310%6.527%7.640%
1st payment$1,510.29$1,510.29$3,551.91
2nd payment$0.00$1,652.62$0.00
Taxes / mo$475.00$475.00$475.00
Insurance / mo$166.67$166.67$166.67
MI / mo$212.13$212.13$102.60
HOA / mo$88.00$88.00$88.00
Total monthly$2,452.08$4,104.70$4,384.18
Cash to close$312,890$57,000$57,000