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$249,184$249,184$629,100
Remaining term (yrs)20.420.430.0
Secondary amount$0$379,916$0
Funding fee$0$0$0
Note rate4.200%4.200%7.400%
Blended rate5.050%6.681%7.640%
1st payment$1,512.50$1,512.50$4,355.76
2nd payment$0.00$2,453.62$0.00
Taxes / mo$317.50$317.50$317.50
Insurance / mo$166.67$166.67$166.67
MI / mo$219.08$219.08$125.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,215.75$4,669.37$4,965.75
Cash to close$449,816$69,900$69,900