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$209,540$209,540$531,000
Remaining term (yrs)18.918.930.0
Secondary amount$0$321,460$0
Funding fee$0$0$0
Note rate4.040%4.040%7.400%
Blended rate4.890%6.621%7.640%
1st payment$1,317.92$1,317.92$3,676.54
2nd payment$0.00$2,076.10$0.00
Taxes / mo$300.75$300.75$300.75
Insurance / mo$166.67$166.67$166.67
MI / mo$194.60$194.60$106.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,979.94$4,056.03$4,250.15
Cash to close$380,460$59,000$59,000