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$217,161$217,161$463,500
Remaining term (yrs)20.420.430.0
Secondary amount$0$246,339$0
Funding fee$0$0$0
Note rate4.500%4.500%7.320%
Blended rate5.350%6.626%7.560%
1st payment$1,353.22$1,353.22$3,183.92
2nd payment$0.00$1,590.94$0.00
Taxes / mo$380.00$380.00$380.00
Insurance / mo$166.67$166.67$166.67
MI / mo$189.18$189.18$92.70
HOA / mo$3.50$3.50$3.50
Total monthly$2,092.56$3,683.50$3,826.79
Cash to close$297,839$51,500$51,500