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$255,553$255,553$449,999
Remaining term (yrs)21.821.830.0
Secondary amount$0$194,446$0
Funding fee$0$0$0
Note rate4.570%4.570%7.400%
Blended rate5.420%6.535%7.640%
1st payment$1,539.91$1,539.91$3,115.70
2nd payment$0.00$1,296.30$0.00
Taxes / mo$416.67$416.67$416.67
Insurance / mo$166.67$166.67$166.67
MI / mo$213.52$213.52$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,336.76$3,633.07$3,789.04
Cash to close$244,446$50,000$50,000