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$252,811$252,811$348,930
Remaining term (yrs)22.422.430.0
Secondary amount$0$96,119$0
Funding fee$0$0$0
Note rate4.460%4.460%7.400%
Blended rate5.310%6.326%7.640%
1st payment$1,485.03$1,485.03$2,415.92
2nd payment$0.00$720.89$0.00
Taxes / mo$174.83$174.83$174.83
Insurance / mo$150.00$150.00$150.00
MI / mo$208.58$208.58$69.79
HOA / mo$0.00$0.00$0.00
Total monthly$2,018.44$2,739.34$2,810.54
Cash to close$134,889$38,770$38,770