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$233,387$233,387$292,500
Remaining term (yrs)22.722.730.0
Secondary amount$0$59,113$0
Funding fee$0$0$0
Note rate4.070%4.070%7.320%
Blended rate4.920%5.745%7.560%
1st payment$1,309.34$1,309.34$2,009.27
2nd payment$0.00$443.35$0.00
Taxes / mo$643.00$643.00$643.00
Insurance / mo$150.00$150.00$150.00
MI / mo$192.63$192.63$58.50
HOA / mo$13.08$13.08$13.08
Total monthly$2,308.06$2,751.41$2,873.85
Cash to close$91,613$32,500$32,500