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$204,558$204,558$449,999
Remaining term (yrs)21.421.430.0
Secondary amount$0$245,441$0
Funding fee$0$0$0
Note rate4.220%4.220%7.400%
Blended rate5.070%6.532%7.640%
1st payment$1,207.50$1,207.50$3,115.70
2nd payment$0.00$1,585.14$0.00
Taxes / mo$416.67$416.67$416.67
Insurance / mo$166.67$166.67$166.67
MI / mo$174.49$174.49$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,965.32$3,550.46$3,789.04
Cash to close$295,441$50,000$50,000