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$240,131$240,131$535,500
Remaining term (yrs)22.722.730.0
Secondary amount$0$295,369$0
Funding fee$0$0$0
Note rate4.070%4.070%7.400%
Blended rate4.920%6.481%7.640%
1st payment$1,347.18$1,347.18$3,707.69
2nd payment$0.00$1,907.59$0.00
Taxes / mo$495.83$495.83$495.83
Insurance / mo$166.67$166.67$166.67
MI / mo$198.20$198.20$107.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,207.88$4,115.47$4,477.29
Cash to close$354,869$59,500$59,500