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$212,432$212,432$499,500
Remaining term (yrs)22.322.330.0
Secondary amount$0$287,068$0
Funding fee$0$0$0
Note rate4.460%4.460%7.320%
Blended rate5.310%6.712%7.560%
1st payment$1,247.84$1,247.84$3,431.22
2nd payment$0.00$1,853.98$0.00
Taxes / mo$373.86$373.86$373.86
Insurance / mo$166.67$166.67$166.67
MI / mo$175.27$175.27$99.90
HOA / mo$29.00$29.00$29.00
Total monthly$1,992.64$3,846.62$4,100.65
Cash to close$342,568$55,500$55,500