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$230,315$230,315$427,500
Remaining term (yrs)22.722.730.0
Secondary amount$0$197,185$0
Funding fee$0$0$0
Note rate4.280%4.280%7.400%
Blended rate5.130%6.454%7.640%
1st payment$1,318.53$1,318.53$2,959.92
2nd payment$0.00$1,314.57$0.00
Taxes / mo$395.83$395.83$395.83
Insurance / mo$166.67$166.67$166.67
MI / mo$189.18$189.18$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,070.21$3,384.78$3,607.92
Cash to close$244,685$47,500$47,500