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$241,005$241,005$611,999
Remaining term (yrs)21.421.430.0
Secondary amount$0$370,994$0
Funding fee$0$0$0
Note rate4.330%4.330%7.400%
Blended rate5.180%6.738%7.640%
1st payment$1,433.65$1,433.65$4,237.36
2nd payment$0.00$2,396.00$0.00
Taxes / mo$220.05$220.05$220.05
Insurance / mo$166.67$166.67$166.67
MI / mo$204.48$204.48$122.40
HOA / mo$41.67$41.67$41.67
Total monthly$2,066.52$4,462.52$4,788.14
Cash to close$438,994$68,000$68,000