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$271,524$271,524$431,910
Remaining term (yrs)25.525.530.0
Secondary amount$0$160,386$0
Funding fee$0$0$0
Note rate4.670%4.670%7.320%
Blended rate5.520%6.441%7.560%
1st payment$1,514.54$1,514.54$2,966.92
2nd payment$0.00$1,069.24$0.00
Taxes / mo$247.50$247.50$247.50
Insurance / mo$166.67$166.67$166.67
MI / mo$207.57$207.57$86.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,136.27$3,205.52$3,467.47
Cash to close$208,376$47,990$47,990