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$222,807$222,807$414,000
Remaining term (yrs)21.421.430.0
Secondary amount$0$191,193$0
Funding fee$0$0$0
Note rate4.580%4.580%7.320%
Blended rate5.430%6.617%7.560%
1st payment$1,355.90$1,355.90$2,843.89
2nd payment$0.00$1,274.62$0.00
Taxes / mo$168.58$168.58$168.58
Insurance / mo$166.67$166.67$166.67
MI / mo$187.79$187.79$82.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,878.93$3,153.55$3,261.94
Cash to close$237,193$46,000$46,000