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$273,335$273,335$495,000
Remaining term (yrs)21.521.530.0
Secondary amount$0$221,665$0
Funding fee$0$0$0
Note rate4.450%4.450%7.400%
Blended rate5.300%6.397%7.640%
1st payment$1,640.11$1,640.11$3,427.28
2nd payment$0.00$1,431.59$0.00
Taxes / mo$458.33$458.33$458.33
Insurance / mo$166.67$166.67$166.67
MI / mo$230.63$230.63$99.00
HOA / mo$521.00$521.00$521.00
Total monthly$3,016.74$4,448.33$4,672.28
Cash to close$276,665$55,000$55,000