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$201,845$201,845$306,000
Remaining term (yrs)22.522.530.0
Secondary amount$0$104,155$0
Funding fee$0$0$0
Note rate4.310%4.310%7.400%
Blended rate5.160%6.127%7.640%
1st payment$1,163.89$1,163.89$2,118.68
2nd payment$0.00$694.37$0.00
Taxes / mo$363.98$363.98$363.98
Insurance / mo$150.00$150.00$150.00
MI / mo$166.40$166.40$61.20
HOA / mo$33.33$33.33$33.33
Total monthly$1,877.59$2,571.96$2,727.19
Cash to close$138,155$34,000$34,000