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$273,706$273,706$504,000
Remaining term (yrs)22.422.430.0
Secondary amount$0$230,294$0
Funding fee$0$0$0
Note rate4.460%4.460%7.400%
Blended rate5.310%6.425%7.640%
1st payment$1,604.32$1,604.32$3,489.59
2nd payment$0.00$1,487.32$0.00
Taxes / mo$108.06$108.06$108.06
Insurance / mo$166.67$166.67$166.67
MI / mo$225.34$225.34$100.80
HOA / mo$80.00$80.00$80.00
Total monthly$2,184.38$3,671.70$3,945.12
Cash to close$286,294$56,000$56,000