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$224,982$224,982$269,100
Remaining term (yrs)22.422.430.0
Secondary amount$0$44,118$0
Funding fee$0$0$0
Note rate4.350%4.350%7.400%
Blended rate5.200%5.823%7.640%
1st payment$1,305.08$1,305.08$1,863.19
2nd payment$0.00$330.88$0.00
Taxes / mo$237.92$237.92$237.92
Insurance / mo$150.00$150.00$150.00
MI / mo$185.70$185.70$53.82
HOA / mo$320.00$320.00$320.00
Total monthly$2,198.69$2,529.58$2,624.93
Cash to close$74,018$29,900$29,900