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$215,410$215,410$539,910
Remaining term (yrs)18.018.030.0
Secondary amount$0$324,500$0
Funding fee$0$0$0
Note rate4.160%4.160%7.400%
Blended rate5.010%6.657%7.640%
1st payment$1,409.71$1,409.71$3,738.23
2nd payment$0.00$2,095.73$0.00
Taxes / mo$499.92$499.92$499.92
Insurance / mo$166.67$166.67$166.67
MI / mo$205.17$205.17$107.98
HOA / mo$396.00$396.00$396.00
Total monthly$2,677.47$4,773.20$4,908.79
Cash to close$384,490$59,990$59,990