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$237,218$237,218$629,100
Remaining term (yrs)20.720.730.0
Secondary amount$0$391,882$0
Funding fee$0$0$0
Note rate4.080%4.080%7.320%
Blended rate4.930%6.687%7.560%
1st payment$1,410.11$1,410.11$4,321.48
2nd payment$0.00$2,530.91$0.00
Taxes / mo$282.08$282.08$282.08
Insurance / mo$166.67$166.67$166.67
MI / mo$207.21$207.21$125.82
HOA / mo$74.00$74.00$74.00
Total monthly$2,140.07$4,670.98$4,970.05
Cash to close$461,782$69,900$69,900