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$223,174$223,174$476,100
Remaining term (yrs)22.622.630.0
Secondary amount$0$252,926$0
Funding fee$0$0$0
Note rate4.140%4.140%7.320%
Blended rate4.990%6.456%7.560%
1st payment$1,263.33$1,263.33$3,270.48
2nd payment$0.00$1,633.48$0.00
Taxes / mo$178.71$178.71$178.71
Insurance / mo$166.67$166.67$166.67
MI / mo$184.31$184.31$95.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,793.01$3,426.49$3,711.07
Cash to close$305,826$52,900$52,900