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$226,137$226,137$373,500
Remaining term (yrs)20.620.630.0
Secondary amount$0$147,363$0
Funding fee$0$0$0
Note rate4.050%4.050%7.400%
Blended rate4.900%6.123%7.640%
1st payment$1,344.06$1,344.06$2,586.04
2nd payment$0.00$982.42$0.00
Taxes / mo$211.92$211.92$211.92
Insurance / mo$150.00$150.00$150.00
MI / mo$198.22$198.22$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,904.20$2,886.62$3,022.66
Cash to close$188,863$41,500$41,500