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$281,922$281,922$314,910
Remaining term (yrs)25.525.530.0
Secondary amount$0$32,988$0
Funding fee$0$0$0
Note rate4.420%4.420%7.320%
Blended rate5.270%5.661%7.560%
1st payment$1,532.18$1,532.18$2,163.21
2nd payment$0.00$247.41$0.00
Taxes / mo$132.67$132.67$132.67
Insurance / mo$150.00$150.00$150.00
MI / mo$216.22$216.22$62.98
HOA / mo$40.00$40.00$40.00
Total monthly$2,071.07$2,318.48$2,548.86
Cash to close$67,978$34,990$34,990