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$224,323$224,323$522,000
Remaining term (yrs)20.520.530.0
Secondary amount$0$297,677$0
Funding fee$0$0$0
Note rate4.100%4.100%7.320%
Blended rate4.950%6.547%7.560%
1st payment$1,342.68$1,342.68$3,585.78
2nd payment$0.00$1,922.50$0.00
Taxes / mo$454.33$454.33$454.33
Insurance / mo$166.67$166.67$166.67
MI / mo$196.83$196.83$104.40
HOA / mo$25.42$25.42$25.42
Total monthly$2,185.93$4,108.43$4,336.60
Cash to close$355,677$58,000$58,000