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$221,311$221,311$567,000
Remaining term (yrs)18.218.230.0
Secondary amount$0$345,689$0
Funding fee$0$0$0
Note rate4.040%4.040%7.400%
Blended rate4.890%6.634%7.640%
1st payment$1,425.69$1,425.69$3,925.79
2nd payment$0.00$2,232.57$0.00
Taxes / mo$609.75$609.75$609.75
Insurance / mo$166.67$166.67$166.67
MI / mo$210.51$210.51$113.40
HOA / mo$45.00$45.00$45.00
Total monthly$2,457.62$4,690.19$4,860.61
Cash to close$408,689$63,000$63,000