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$240,528$240,528$556,999
Remaining term (yrs)20.320.330.0
Secondary amount$0$316,471$0
Funding fee$0$0$0
Note rate4.300%4.300%7.320%
Blended rate5.150%6.627%7.560%
1st payment$1,476.60$1,476.60$3,826.20
2nd payment$0.00$2,043.88$0.00
Taxes / mo$515.74$515.74$515.74
Insurance / mo$166.67$166.67$166.67
MI / mo$211.35$211.35$111.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,370.36$4,414.24$4,620.00
Cash to close$378,360$61,889$61,889