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$225,679$225,679$526,410
Remaining term (yrs)20.420.430.0
Secondary amount$0$300,731$0
Funding fee$0$0$0
Note rate4.150%4.150%7.400%
Blended rate5.000%6.571%7.640%
1st payment$1,360.30$1,360.30$3,644.76
2nd payment$0.00$1,942.22$0.00
Taxes / mo$487.42$487.42$487.42
Insurance / mo$166.67$166.67$166.67
MI / mo$198.22$198.22$105.28
HOA / mo$0.00$0.00$0.00
Total monthly$2,212.60$4,154.82$4,404.12
Cash to close$359,221$58,490$58,490