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$249,727$249,727$449,100
Remaining term (yrs)21.821.830.0
Secondary amount$0$199,373$0
Funding fee$0$0$0
Note rate4.570%4.570%7.400%
Blended rate5.420%6.565%7.640%
1st payment$1,504.80$1,504.80$3,109.48
2nd payment$0.00$1,329.16$0.00
Taxes / mo$415.83$415.83$415.83
Insurance / mo$166.67$166.67$166.67
MI / mo$208.65$208.65$89.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,295.95$3,625.11$3,781.80
Cash to close$249,273$49,900$49,900