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$220,457$220,457$495,000
Remaining term (yrs)21.921.930.0
Secondary amount$0$274,543$0
Funding fee$0$0$0
Note rate4.520%4.520%7.400%
Blended rate5.370%6.690%7.640%
1st payment$1,316.50$1,316.50$3,427.28
2nd payment$0.00$1,773.09$0.00
Taxes / mo$350.83$350.83$350.83
Insurance / mo$166.67$166.67$166.67
MI / mo$183.61$183.61$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,017.61$3,790.70$4,043.78
Cash to close$329,543$55,000$55,000