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$202,272$202,272$337,500
Remaining term (yrs)20.620.630.0
Secondary amount$0$135,228$0
Funding fee$0$0$0
Note rate4.050%4.050%7.400%
Blended rate4.900%6.142%7.640%
1st payment$1,202.22$1,202.22$2,336.78
2nd payment$0.00$901.52$0.00
Taxes / mo$312.50$312.50$312.50
Insurance / mo$150.00$150.00$150.00
MI / mo$177.30$177.30$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,842.02$2,743.54$2,866.78
Cash to close$172,728$37,500$37,500