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$230,411$230,411$540,000
Remaining term (yrs)17.917.930.0
Secondary amount$0$309,589$0
Funding fee$0$0$0
Note rate4.330%4.330%7.320%
Blended rate5.180%6.653%7.560%
1st payment$1,537.70$1,537.70$3,709.43
2nd payment$0.00$1,999.43$0.00
Taxes / mo$500.00$500.00$500.00
Insurance / mo$166.67$166.67$166.67
MI / mo$219.32$219.32$108.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,423.69$4,423.12$4,484.09
Cash to close$369,589$60,000$60,000