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$258,998$258,998$476,910
Remaining term (yrs)21.921.930.0
Secondary amount$0$217,912$0
Funding fee$0$0$0
Note rate4.540%4.540%7.320%
Blended rate5.390%6.468%7.560%
1st payment$1,549.52$1,549.52$3,276.04
2nd payment$0.00$1,407.35$0.00
Taxes / mo$441.58$441.58$441.58
Insurance / mo$166.67$166.67$166.67
MI / mo$215.61$215.61$95.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,373.37$3,780.72$3,979.67
Cash to close$270,902$52,990$52,990