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$41,914$41,914$225,000
Remaining term (yrs)7.67.630.0
Secondary amount$0$183,086$0
Funding fee$0$0$0
Note rate4.880%4.880%7.320%
Blended rate5.730%7.577%7.560%
1st payment$542.18$542.18$1,545.59
2nd payment$0.00$1,220.57$0.00
Taxes / mo$235.58$235.58$235.58
Insurance / mo$150.00$150.00$150.00
MI / mo$72.53$72.53$45.00
HOA / mo$16.83$16.83$16.83
Total monthly$1,017.12$2,237.70$1,993.01
Cash to close$208,086$25,000$25,000