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$227,704$227,704$427,500
Remaining term (yrs)22.622.630.0
Secondary amount$0$199,796$0
Funding fee$0$0$0
Note rate4.200%4.200%7.400%
Blended rate5.050%6.429%7.640%
1st payment$1,296.43$1,296.43$2,959.92
2nd payment$0.00$1,331.97$0.00
Taxes / mo$294.83$294.83$294.83
Insurance / mo$166.67$166.67$166.67
MI / mo$187.79$187.79$85.50
HOA / mo$28.25$28.25$28.25
Total monthly$1,973.96$3,305.94$3,535.17
Cash to close$247,296$47,500$47,500