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$238,327$238,327$386,999
Remaining term (yrs)20.620.630.0
Secondary amount$0$148,673$0
Funding fee$0$0$0
Note rate4.100%4.100%7.320%
Blended rate4.950%6.122%7.560%
1st payment$1,422.86$1,422.86$2,658.42
2nd payment$0.00$991.15$0.00
Taxes / mo$285.08$285.08$285.08
Insurance / mo$150.00$150.00$150.00
MI / mo$208.58$208.58$77.40
HOA / mo$28.33$28.33$28.33
Total monthly$2,094.85$3,086.00$3,199.23
Cash to close$191,672$43,000$43,000