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$268,795$268,795$562,410
Remaining term (yrs)20.420.430.0
Secondary amount$0$293,615$0
Funding fee$0$0$0
Note rate4.190%4.190%7.400%
Blended rate5.040%6.455%7.640%
1st payment$1,630.10$1,630.10$3,894.01
2nd payment$0.00$1,896.26$0.00
Taxes / mo$265.08$265.08$265.08
Insurance / mo$166.67$166.67$166.67
MI / mo$236.40$236.40$112.48
HOA / mo$0.00$0.00$0.00
Total monthly$2,298.25$4,194.51$4,438.25
Cash to close$356,105$62,490$62,490