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$232,762$232,762$508,500
Remaining term (yrs)20.320.330.0
Secondary amount$0$275,738$0
Funding fee$0$0$0
Note rate4.200%4.200%7.400%
Blended rate5.050%6.514%7.640%
1st payment$1,416.46$1,416.46$3,520.75
2nd payment$0.00$1,780.80$0.00
Taxes / mo$470.83$470.83$470.83
Insurance / mo$166.67$166.67$166.67
MI / mo$205.17$205.17$101.70
HOA / mo$257.00$257.00$257.00
Total monthly$2,516.13$4,296.94$4,516.95
Cash to close$332,238$56,500$56,500