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$201,729$201,729$450,000
Remaining term (yrs)20.120.130.0
Secondary amount$0$248,271$0
Funding fee$0$0$0
Note rate4.080%4.080%7.400%
Blended rate4.930%6.486%7.640%
1st payment$1,221.13$1,221.13$3,115.71
2nd payment$0.00$1,603.41$0.00
Taxes / mo$347.25$347.25$347.25
Insurance / mo$166.67$166.67$166.67
MI / mo$179.44$179.44$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,914.49$3,517.90$3,719.63
Cash to close$298,271$50,000$50,000