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$223,180$223,180$485,910
Remaining term (yrs)21.621.630.0
Secondary amount$0$262,730$0
Funding fee$0$0$0
Note rate4.470%4.470%7.400%
Blended rate5.320%6.634%7.640%
1st payment$1,338.56$1,338.56$3,364.34
2nd payment$0.00$1,696.80$0.00
Taxes / mo$449.92$449.92$449.92
Insurance / mo$166.67$166.67$166.67
MI / mo$187.79$187.79$97.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,142.93$3,839.73$4,078.11
Cash to close$316,720$53,990$53,990