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$243,115$243,115$426,420
Remaining term (yrs)21.321.330.0
Secondary amount$0$183,305$0
Funding fee$0$0$0
Note rate4.030%4.030%7.320%
Blended rate4.880%6.221%7.560%
1st payment$1,410.25$1,410.25$2,929.21
2nd payment$0.00$1,222.04$0.00
Taxes / mo$394.83$394.83$394.83
Insurance / mo$166.67$166.67$166.67
MI / mo$208.48$208.48$85.28
HOA / mo$178.00$178.00$178.00
Total monthly$2,358.23$3,580.26$3,753.99
Cash to close$230,685$47,380$47,380