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$210,757$210,757$349,200
Remaining term (yrs)22.422.430.0
Secondary amount$0$138,443$0
Funding fee$0$0$0
Note rate4.370%4.370%7.400%
Blended rate5.220%6.322%7.640%
1st payment$1,224.88$1,224.88$2,417.79
2nd payment$0.00$922.96$0.00
Taxes / mo$190.92$190.92$190.92
Insurance / mo$150.00$150.00$150.00
MI / mo$173.88$173.88$69.84
HOA / mo$0.00$0.00$0.00
Total monthly$1,739.67$2,662.63$2,828.55
Cash to close$177,243$38,800$38,800