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$234,049$234,049$256,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$36,701$0
Funding fee$0$0$0
Note rate4.990%4.990%7.320%
Blended rate5.840%6.658%7.560%
1st payment$1,340.53$1,340.53$1,761.98
2nd payment$0.00$363.19$0.00
Taxes / mo$147.58$147.58$147.58
Insurance / mo$150.00$150.00$150.00
MI / mo$177.08$177.08$51.30
HOA / mo$428.00$428.00$428.00
Total monthly$2,243.19$2,606.38$2,538.86
Cash to close$50,951$14,250$28,500