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$248,227$248,227$629,999
Remaining term (yrs)17.317.330.0
Secondary amount$0$381,772$0
Funding fee$0$0$0
Note rate4.340%4.340%7.320%
Blended rate5.190%6.741%7.560%
1st payment$1,689.23$1,689.23$4,327.66
2nd payment$0.00$2,465.61$0.00
Taxes / mo$583.33$583.33$583.33
Insurance / mo$166.67$166.67$166.67
MI / mo$240.64$240.64$126.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,679.87$5,145.48$5,203.66
Cash to close$451,772$70,000$70,000