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$334,413$334,413$493,200
Remaining term (yrs)25.525.530.0
Secondary amount$0$158,787$0
Funding fee$0$0$0
Note rate4.170%4.170%7.400%
Blended rate5.020%5.979%7.640%
1st payment$1,770.23$1,770.23$3,414.82
2nd payment$0.00$1,058.58$0.00
Taxes / mo$190.17$190.17$190.17
Insurance / mo$166.67$166.67$166.67
MI / mo$257.34$257.34$98.64
HOA / mo$0.00$0.00$0.00
Total monthly$2,384.40$3,442.99$3,870.29
Cash to close$213,587$54,800$54,800