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$226,036$226,036$427,500
Remaining term (yrs)21.421.430.0
Secondary amount$0$201,464$0
Funding fee$0$0$0
Note rate4.430%4.430%7.400%
Blended rate5.280%6.444%7.640%
1st payment$1,356.94$1,356.94$2,959.92
2nd payment$0.00$1,301.12$0.00
Taxes / mo$763.17$763.17$763.17
Insurance / mo$166.67$166.67$166.67
MI / mo$191.26$191.26$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,478.04$3,779.16$3,975.26
Cash to close$248,964$47,500$47,500