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$228,280$228,280$643,500
Remaining term (yrs)17.917.930.0
Secondary amount$0$415,220$0
Funding fee$0$0$0
Note rate4.120%4.120%7.400%
Blended rate4.970%6.764%7.640%
1st payment$1,498.46$1,498.46$4,455.46
2nd payment$0.00$2,681.63$0.00
Taxes / mo$595.83$595.83$595.83
Insurance / mo$216.67$216.67$216.67
MI / mo$219.14$219.14$128.70
HOA / mo$136.00$136.00$136.00
Total monthly$2,666.10$5,347.73$5,532.66
Cash to close$486,720$71,500$71,500