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$215,307$215,307$364,500
Remaining term (yrs)21.921.930.0
Secondary amount$0$149,193$0
Funding fee$0$0$0
Note rate4.550%4.550%7.400%
Blended rate5.400%6.464%7.640%
1st payment$1,289.31$1,289.31$2,523.72
2nd payment$0.00$994.62$0.00
Taxes / mo$217.67$217.67$217.67
Insurance / mo$150.00$150.00$150.00
MI / mo$179.19$179.19$72.90
HOA / mo$475.00$475.00$475.00
Total monthly$2,311.17$3,305.79$3,439.29
Cash to close$189,693$40,500$40,500