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$231,143$231,143$472,500
Remaining term (yrs)21.621.630.0
Secondary amount$0$241,357$0
Funding fee$0$0$0
Note rate4.420%4.420%7.400%
Blended rate5.270%6.537%7.640%
1st payment$1,379.98$1,379.98$3,271.49
2nd payment$0.00$1,558.76$0.00
Taxes / mo$576.08$576.08$576.08
Insurance / mo$166.67$166.67$166.67
MI / mo$194.74$194.74$94.50
HOA / mo$52.83$52.83$52.83
Total monthly$2,370.30$3,929.07$4,161.57
Cash to close$293,857$52,500$52,500