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$249,038$249,038$449,100
Remaining term (yrs)22.722.730.0
Secondary amount$0$200,062$0
Funding fee$0$0$0
Note rate4.100%4.100%7.400%
Blended rate4.950%6.197%7.640%
1st payment$1,401.21$1,401.21$3,109.48
2nd payment$0.00$1,292.07$0.00
Taxes / mo$390.75$390.75$390.75
Insurance / mo$166.67$166.67$166.67
MI / mo$205.41$205.41$89.82
HOA / mo$296.00$296.00$296.00
Total monthly$2,460.04$3,752.10$4,052.71
Cash to close$249,962$49,900$49,900