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$221,863$221,863$306,000
Remaining term (yrs)21.721.730.0
Secondary amount$0$84,137$0
Funding fee$0$0$0
Note rate4.590%4.590%7.320%
Blended rate5.440%6.419%7.560%
1st payment$1,342.32$1,342.32$2,102.01
2nd payment$0.00$631.03$0.00
Taxes / mo$419.58$419.58$419.58
Insurance / mo$150.00$150.00$150.00
MI / mo$185.69$185.69$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,097.59$2,728.62$2,732.79
Cash to close$118,137$34,000$34,000