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$251,487$251,487$602,991
Remaining term (yrs)21.521.530.0
Secondary amount$0$351,504$0
Funding fee$0$0$0
Note rate4.440%4.440%7.400%
Blended rate5.290%6.724%7.640%
1st payment$1,507.63$1,507.63$4,174.99
2nd payment$0.00$2,270.13$0.00
Taxes / mo$1,083.17$1,083.17$1,083.17
Insurance / mo$166.67$166.67$166.67
MI / mo$212.25$212.25$120.60
HOA / mo$7.25$7.25$7.25
Total monthly$2,976.97$5,247.10$5,552.67
Cash to close$418,503$66,999$66,999