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$215,555$215,555$450,000
Remaining term (yrs)18.118.130.0
Secondary amount$0$234,445$0
Funding fee$0$0$0
Note rate4.100%4.100%7.400%
Blended rate4.950%6.409%7.640%
1st payment$1,399.61$1,399.61$3,115.71
2nd payment$0.00$1,514.12$0.00
Taxes / mo$416.67$416.67$416.67
Insurance / mo$166.67$166.67$166.67
MI / mo$205.17$205.17$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,188.12$3,702.24$3,789.04
Cash to close$284,445$50,000$50,000