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$222,961$222,961$288,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$65,039$0
Funding fee$0$0$0
Note rate4.980%4.980%7.400%
Blended rate5.830%6.546%7.640%
1st payment$1,281.78$1,281.78$1,994.05
2nd payment$0.00$487.80$0.00
Taxes / mo$187.35$187.35$187.35
Insurance / mo$150.00$150.00$150.00
MI / mo$169.52$169.52$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,788.64$2,276.44$2,389.00
Cash to close$97,039$32,000$32,000