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$243,628$243,628$584,100
Remaining term (yrs)18.918.930.0
Secondary amount$0$340,472$0
Funding fee$0$0$0
Note rate4.080%4.080%7.320%
Blended rate4.930%6.574%7.560%
1st payment$1,532.98$1,532.98$4,012.36
2nd payment$0.00$2,198.88$0.00
Taxes / mo$540.83$540.83$540.83
Insurance / mo$166.67$166.67$166.67
MI / mo$225.26$225.26$116.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,465.74$4,664.62$4,836.68
Cash to close$405,372$64,900$64,900