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$262,218$262,218$481,496
Remaining term (yrs)22.522.530.0
Secondary amount$0$219,277$0
Funding fee$0$0$0
Note rate4.080%4.080%7.320%
Blended rate4.930%6.214%7.560%
1st payment$1,479.08$1,479.08$3,307.54
2nd payment$0.00$1,416.17$0.00
Taxes / mo$229.50$229.50$229.50
Insurance / mo$166.67$166.67$166.67
MI / mo$217.34$217.34$96.30
HOA / mo$36.67$36.67$36.67
Total monthly$2,129.26$3,545.43$3,836.68
Cash to close$272,777$53,500$53,500