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$217,397$217,397$422,910
Remaining term (yrs)20.520.530.0
Secondary amount$0$205,513$0
Funding fee$0$0$0
Note rate4.140%4.140%7.400%
Blended rate4.990%6.331%7.640%
1st payment$1,305.87$1,305.87$2,928.14
2nd payment$0.00$1,327.27$0.00
Taxes / mo$334.75$334.75$334.75
Insurance / mo$166.67$166.67$166.67
MI / mo$190.51$190.51$84.58
HOA / mo$26.00$26.00$26.00
Total monthly$2,023.80$3,351.07$3,540.14
Cash to close$252,503$46,990$46,990