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$282,277$282,277$436,500
Remaining term (yrs)20.720.730.0
Secondary amount$0$154,223$0
Funding fee$0$0$0
Note rate4.050%4.050%7.400%
Blended rate4.900%5.995%7.640%
1st payment$1,673.45$1,673.45$3,022.24
2nd payment$0.00$1,028.15$0.00
Taxes / mo$615.00$615.00$615.00
Insurance / mo$166.67$166.67$166.67
MI / mo$246.79$246.79$87.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,701.91$3,730.06$3,891.20
Cash to close$202,723$48,500$48,500