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$282,491$282,491$463,500
Remaining term (yrs)18.918.930.0
Secondary amount$0$181,009$0
Funding fee$0$0$0
Note rate4.040%4.040%7.400%
Blended rate4.890%6.105%7.640%
1st payment$1,776.75$1,776.75$3,209.18
2nd payment$0.00$1,206.73$0.00
Taxes / mo$429.17$429.17$429.17
Insurance / mo$166.67$166.67$166.67
MI / mo$262.35$262.35$92.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,634.93$3,841.66$3,897.71
Cash to close$232,509$51,500$51,500