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$268,787$268,787$495,000
Remaining term (yrs)22.022.030.0
Secondary amount$0$226,213$0
Funding fee$0$0$0
Note rate4.650%4.650%7.400%
Blended rate5.500%6.528%7.640%
1st payment$1,620.97$1,620.97$3,427.28
2nd payment$0.00$1,460.96$0.00
Taxes / mo$178.00$178.00$178.00
Insurance / mo$166.67$166.67$166.67
MI / mo$222.67$222.67$99.00
HOA / mo$5.00$5.00$5.00
Total monthly$2,193.31$3,654.26$3,875.95
Cash to close$281,213$55,000$55,000