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$235,951$235,951$359,999
Remaining term (yrs)22.422.430.0
Secondary amount$0$124,048$0
Funding fee$0$0$0
Note rate4.460%4.460%7.400%
Blended rate5.310%6.237%7.640%
1st payment$1,385.99$1,385.99$2,492.56
2nd payment$0.00$826.99$0.00
Taxes / mo$179.44$179.44$179.44
Insurance / mo$150.00$150.00$150.00
MI / mo$194.67$194.67$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,910.11$2,737.10$2,894.01
Cash to close$164,048$40,000$40,000