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$205,955$205,955$454,499
Remaining term (yrs)20.520.530.0
Secondary amount$0$248,544$0
Funding fee$0$0$0
Note rate4.080%4.080%7.400%
Blended rate4.930%6.472%7.640%
1st payment$1,230.55$1,230.55$3,146.86
2nd payment$0.00$1,605.18$0.00
Taxes / mo$614.00$614.00$614.00
Insurance / mo$166.67$166.67$166.67
MI / mo$180.82$180.82$90.90
HOA / mo$112.00$112.00$112.00
Total monthly$2,304.04$3,909.22$4,130.43
Cash to close$299,044$50,500$50,500