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$282,942$282,942$404,550
Remaining term (yrs)22.422.430.0
Secondary amount$0$121,608$0
Funding fee$0$0$0
Note rate4.450%4.450%7.400%
Blended rate5.300%6.112%7.640%
1st payment$1,656.89$1,656.89$2,801.02
2nd payment$0.00$810.72$0.00
Taxes / mo$374.58$374.58$374.58
Insurance / mo$150.00$150.00$150.00
MI / mo$232.99$232.99$80.91
HOA / mo$0.00$0.00$0.00
Total monthly$2,414.47$3,225.19$3,406.52
Cash to close$166,558$44,950$44,950