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$285,124$285,124$486,000
Remaining term (yrs)21.521.530.0
Secondary amount$0$200,876$0
Funding fee$0$0$0
Note rate4.440%4.440%7.400%
Blended rate5.290%6.307%7.640%
1st payment$1,709.29$1,709.29$3,364.97
2nd payment$0.00$1,297.32$0.00
Taxes / mo$450.00$450.00$450.00
Insurance / mo$166.67$166.67$166.67
MI / mo$240.64$240.64$97.20
HOA / mo$325.00$325.00$325.00
Total monthly$2,891.60$4,188.92$4,403.83
Cash to close$254,876$54,000$54,000