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$236,029$236,029$476,100
Remaining term (yrs)26.426.430.0
Secondary amount$0$240,071$0
Funding fee$0$0$0
Note rate4.750%4.750%7.400%
Blended rate5.300%6.535%7.640%
1st payment$1,304.12$1,304.12$3,296.42
2nd payment$0.00$1,550.46$0.00
Taxes / mo$603.33$603.33$603.33
Insurance / mo$166.67$166.67$166.67
MI / mo$114.58$114.58$95.22
HOA / mo$6.17$6.17$6.17
Total monthly$2,194.87$3,745.33$4,167.81
Cash to close$292,971$52,900$52,900