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$264,031$264,031$763,200
Remaining term (yrs)22.522.530.0
Secondary amount$0$499,169$0
Funding fee$0$0$0
Note rate4.280%4.280%7.400%
Blended rate5.130%6.844%7.640%
1st payment$1,518.12$1,518.12$5,284.24
2nd payment$0.00$3,223.80$0.00
Taxes / mo$340.00$340.00$340.00
Insurance / mo$216.67$216.67$216.67
MI / mo$217.81$217.81$152.64
HOA / mo$66.67$66.67$66.67
Total monthly$2,359.27$5,583.07$6,060.22
Cash to close$583,969$84,800$84,800