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$219,664$219,664$539,010
Remaining term (yrs)20.720.730.0
Secondary amount$0$319,346$0
Funding fee$0$0$0
Note rate4.170%4.170%7.400%
Blended rate5.020%6.637%7.640%
1st payment$1,316.33$1,316.33$3,732.00
2nd payment$0.00$2,062.44$0.00
Taxes / mo$450.24$450.24$450.24
Insurance / mo$166.67$166.67$166.67
MI / mo$191.35$191.35$107.80
HOA / mo$81.00$81.00$81.00
Total monthly$2,205.59$4,268.03$4,537.70
Cash to close$379,236$59,890$59,890