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$211,860$211,860$449,100
Remaining term (yrs)22.222.230.0
Secondary amount$0$237,240$0
Funding fee$0$0$0
Note rate4.870%4.870%7.400%
Blended rate5.720%6.792%7.640%
1st payment$1,298.31$1,298.31$3,109.48
2nd payment$0.00$1,532.18$0.00
Taxes / mo$253.14$253.14$253.14
Insurance / mo$166.67$166.67$166.67
MI / mo$173.88$173.88$89.82
HOA / mo$12.50$12.50$12.50
Total monthly$1,904.49$3,436.67$3,631.60
Cash to close$287,140$49,900$49,900