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$217,792$217,792$382,500
Remaining term (yrs)22.222.230.0
Secondary amount$0$164,708$0
Funding fee$0$0$0
Note rate4.870%4.870%7.400%
Blended rate5.720%6.702%7.640%
1st payment$1,334.66$1,334.66$2,648.35
2nd payment$0.00$1,098.05$0.00
Taxes / mo$354.17$354.17$354.17
Insurance / mo$150.00$150.00$150.00
MI / mo$178.74$178.74$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,017.58$3,115.63$3,229.02
Cash to close$207,208$42,500$42,500