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$243,282$243,282$391,500
Remaining term (yrs)22.322.330.0
Secondary amount$0$148,218$0
Funding fee$0$0$0
Note rate4.640%4.640%7.400%
Blended rate5.490%6.440%7.640%
1st payment$1,456.44$1,456.44$2,710.67
2nd payment$0.00$988.12$0.00
Taxes / mo$362.50$362.50$362.50
Insurance / mo$150.00$150.00$150.00
MI / mo$200.30$200.30$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,169.24$3,157.37$3,301.47
Cash to close$191,718$43,500$43,500