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$222,650$222,650$453,600
Remaining term (yrs)25.725.730.0
Secondary amount$0$230,950$0
Funding fee$0$0$0
Note rate4.980%4.980%7.400%
Blended rate5.830%6.808%7.640%
1st payment$1,277.96$1,277.96$3,140.63
2nd payment$0.00$1,491.55$0.00
Taxes / mo$445.38$445.38$445.38
Insurance / mo$166.67$166.67$166.67
MI / mo$169.01$169.01$90.72
HOA / mo$260.67$260.67$260.67
Total monthly$2,319.68$3,811.23$4,104.07
Cash to close$281,350$50,400$50,400