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$251,072$251,072$715,500
Remaining term (yrs)21.521.530.0
Secondary amount$0$464,428$0
Funding fee$0$0$0
Note rate4.400%4.400%7.400%
Blended rate5.250%6.873%7.640%
1st payment$1,499.65$1,499.65$4,953.98
2nd payment$0.00$2,999.43$0.00
Taxes / mo$497.50$497.50$497.50
Insurance / mo$216.67$216.67$216.67
MI / mo$212.13$212.13$143.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,425.95$5,425.38$5,811.24
Cash to close$543,928$79,500$79,500