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$247,982$247,982$421,200
Remaining term (yrs)22.722.730.0
Secondary amount$0$173,218$0
Funding fee$0$0$0
Note rate4.070%4.070%7.320%
Blended rate4.920%6.187%7.560%
1st payment$1,391.23$1,391.23$2,893.35
2nd payment$0.00$1,154.79$0.00
Taxes / mo$178.00$178.00$178.00
Insurance / mo$166.67$166.67$166.67
MI / mo$204.68$204.68$84.24
HOA / mo$80.00$80.00$80.00
Total monthly$2,020.57$3,175.36$3,402.26
Cash to close$220,018$46,800$46,800