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$267,845$267,845$688,500
Remaining term (yrs)17.917.930.0
Secondary amount$0$420,655$0
Funding fee$0$0$0
Note rate4.140%4.140%7.400%
Blended rate4.990%6.676%7.640%
1st payment$1,755.49$1,755.49$4,767.03
2nd payment$0.00$2,716.73$0.00
Taxes / mo$637.50$637.50$637.50
Insurance / mo$216.67$216.67$216.67
MI / mo$256.11$256.11$137.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,865.77$5,582.50$5,758.90
Cash to close$497,155$76,500$76,500