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$208,467$208,467$494,910
Remaining term (yrs)18.718.730.0
Secondary amount$0$286,443$0
Funding fee$0$0$0
Note rate4.040%4.040%7.400%
Blended rate4.890%6.545%7.640%
1st payment$1,318.90$1,318.90$3,426.66
2nd payment$0.00$1,849.94$0.00
Taxes / mo$442.83$442.83$442.83
Insurance / mo$166.67$166.67$166.67
MI / mo$194.74$194.74$98.98
HOA / mo$30.83$30.83$30.83
Total monthly$2,153.97$4,003.91$4,165.97
Cash to close$341,433$54,990$54,990