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$232,427$232,427$472,500
Remaining term (yrs)28.428.430.0
Secondary amount$0$240,073$0
Funding fee$0$0$0
Note rate7.040%7.040%7.400%
Blended rate7.590%7.671%7.640%
1st payment$1,576.86$1,576.86$3,271.49
2nd payment$0.00$1,550.47$0.00
Taxes / mo$284.42$284.42$284.42
Insurance / mo$166.67$166.67$166.67
MI / mo$108.19$108.19$94.50
HOA / mo$80.00$80.00$80.00
Total monthly$2,216.14$3,766.61$3,897.08
Cash to close$292,573$52,500$52,500