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$332,810$332,810$517,500
Remaining term (yrs)22.222.230.0
Secondary amount$0$184,690$0
Funding fee$0$0$0
Note rate4.810%4.810%7.400%
Blended rate5.660%6.495%7.640%
1st payment$2,028.28$2,028.28$3,583.07
2nd payment$0.00$1,231.27$0.00
Taxes / mo$552.33$552.33$552.33
Insurance / mo$166.67$166.67$166.67
MI / mo$273.52$273.52$103.50
HOA / mo$100.00$100.00$100.00
Total monthly$3,120.80$4,352.06$4,505.57
Cash to close$242,190$57,500$57,500