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$237,843$237,843$269,910
Remaining term (yrs)25.625.630.0
Secondary amount$0$32,067$0
Funding fee$0$0$0
Note rate4.980%4.980%7.400%
Blended rate5.830%6.207%7.640%
1st payment$1,367.33$1,367.33$1,868.80
2nd payment$0.00$240.50$0.00
Taxes / mo$291.17$291.17$291.17
Insurance / mo$150.00$150.00$150.00
MI / mo$180.83$180.83$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,989.33$2,229.83$2,363.95
Cash to close$62,057$29,990$29,990