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$247,241$247,241$332,910
Remaining term (yrs)25.625.630.0
Secondary amount$0$85,669$0
Funding fee$0$0$0
Note rate4.170%4.170%7.320%
Blended rate5.020%6.044%7.560%
1st payment$1,306.42$1,306.42$2,286.86
2nd payment$0.00$642.52$0.00
Taxes / mo$488.17$488.17$488.17
Insurance / mo$150.00$150.00$150.00
MI / mo$189.91$189.91$66.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,134.50$2,777.01$2,991.61
Cash to close$122,659$36,990$36,990