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$229,099$229,099$517,500
Remaining term (yrs)20.620.630.0
Secondary amount$0$288,401$0
Funding fee$0$0$0
Note rate4.020%4.020%7.320%
Blended rate4.870%6.475%7.560%
1st payment$1,358.01$1,358.01$3,554.87
2nd payment$0.00$1,862.59$0.00
Taxes / mo$86.67$86.67$86.67
Insurance / mo$166.67$166.67$166.67
MI / mo$201.00$201.00$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,812.34$3,674.94$3,911.70
Cash to close$345,901$57,500$57,500