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$206,019$206,019$468,000
Remaining term (yrs)20.720.730.0
Secondary amount$0$261,981$0
Funding fee$0$0$0
Note rate4.010%4.010%7.400%
Blended rate4.860%6.478%7.640%
1st payment$1,216.98$1,216.98$3,240.34
2nd payment$0.00$1,691.96$0.00
Taxes / mo$120.02$120.02$120.02
Insurance / mo$166.67$166.67$166.67
MI / mo$180.34$180.34$93.60
HOA / mo$54.17$54.17$54.17
Total monthly$1,738.18$3,430.14$3,674.79
Cash to close$313,981$52,000$52,000