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$243,628$243,628$594,000
Remaining term (yrs)18.918.930.0
Secondary amount$0$350,372$0
Funding fee$0$0$0
Note rate4.080%4.080%7.320%
Blended rate4.930%6.593%7.560%
1st payment$1,532.98$1,532.98$4,080.37
2nd payment$0.00$2,262.82$0.00
Taxes / mo$550.00$550.00$550.00
Insurance / mo$166.67$166.67$166.67
MI / mo$225.26$225.26$118.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,474.91$4,737.72$4,915.83
Cash to close$416,372$66,000$66,000