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$222,769$222,769$359,955
Remaining term (yrs)22.722.730.0
Secondary amount$0$137,186$0
Funding fee$0$0$0
Note rate4.070%4.070%7.320%
Blended rate4.920%6.094%7.560%
1st payment$1,249.78$1,249.78$2,472.64
2nd payment$0.00$914.57$0.00
Taxes / mo$644.50$644.50$644.50
Insurance / mo$150.00$150.00$150.00
MI / mo$183.87$183.87$71.99
HOA / mo$0.00$0.00$0.00
Total monthly$2,228.15$3,142.72$3,339.13
Cash to close$177,181$39,995$39,995