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$241,298$241,298$548,999
Remaining term (yrs)17.817.830.0
Secondary amount$0$307,701$0
Funding fee$0$0$0
Note rate4.200%4.200%7.400%
Blended rate5.050%6.563%7.640%
1st payment$1,598.93$1,598.93$3,801.16
2nd payment$0.00$1,987.23$0.00
Taxes / mo$508.33$508.33$508.33
Insurance / mo$166.67$166.67$166.67
MI / mo$231.60$231.60$109.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,505.53$4,492.77$4,585.96
Cash to close$368,701$61,000$61,000