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$274,895$274,895$485,960
Remaining term (yrs)22.722.730.0
Secondary amount$0$211,065$0
Funding fee$0$0$0
Note rate4.100%4.100%7.400%
Blended rate4.950%6.166%7.640%
1st payment$1,546.69$1,546.69$3,364.69
2nd payment$0.00$1,363.13$0.00
Taxes / mo$449.96$449.96$449.96
Insurance / mo$166.67$166.67$166.67
MI / mo$226.73$226.73$97.19
HOA / mo$0.00$0.00$0.00
Total monthly$2,390.06$3,753.18$4,078.51
Cash to close$265,060$53,996$53,996