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$220,824$220,824$449,910
Remaining term (yrs)22.722.730.0
Secondary amount$0$229,086$0
Funding fee$0$0$0
Note rate4.080%4.080%7.320%
Blended rate4.930%6.366%7.560%
1st payment$1,240.06$1,240.06$3,090.57
2nd payment$0.00$1,479.51$0.00
Taxes / mo$502.42$502.42$502.42
Insurance / mo$166.67$166.67$166.67
MI / mo$182.22$182.22$89.98
HOA / mo$24.58$24.58$24.58
Total monthly$2,115.95$3,595.46$3,874.21
Cash to close$279,076$49,990$49,990