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$225,998$225,998$472,500
Remaining term (yrs)20.620.630.0
Secondary amount$0$246,502$0
Funding fee$0$0$0
Note rate4.030%4.030%7.320%
Blended rate4.880%6.377%7.560%
1st payment$1,340.83$1,340.83$3,245.75
2nd payment$0.00$1,591.99$0.00
Taxes / mo$348.50$348.50$348.50
Insurance / mo$166.67$166.67$166.67
MI / mo$198.22$198.22$94.50
HOA / mo$83.00$83.00$83.00
Total monthly$2,137.21$3,729.21$3,938.41
Cash to close$299,002$52,500$52,500