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$194,495$194,495$274,500
Remaining term (yrs)22.522.530.0
Secondary amount$0$80,005$0
Funding fee$0$0$0
Note rate4.270%4.270%7.400%
Blended rate5.120%6.251%7.640%
1st payment$1,117.24$1,117.24$1,900.58
2nd payment$0.00$600.04$0.00
Taxes / mo$182.58$182.58$182.58
Insurance / mo$150.00$150.00$150.00
MI / mo$160.49$160.49$54.90
HOA / mo$425.00$425.00$425.00
Total monthly$2,035.31$2,635.35$2,713.07
Cash to close$110,505$30,500$30,500