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$231,071$231,071$477,000
Remaining term (yrs)20.820.830.0
Secondary amount$0$245,929$0
Funding fee$0$0$0
Note rate4.020%4.020%7.400%
Blended rate4.870%6.355%7.640%
1st payment$1,362.71$1,362.71$3,302.65
2nd payment$0.00$1,588.29$0.00
Taxes / mo$441.67$441.67$441.67
Insurance / mo$166.67$166.67$166.67
MI / mo$201.70$201.70$95.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,172.74$3,761.03$4,006.38
Cash to close$298,929$53,000$53,000