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$210,442$210,442$405,000
Remaining term (yrs)22.622.630.0
Secondary amount$0$194,558$0
Funding fee$0$0$0
Note rate4.120%4.120%7.400%
Blended rate4.970%6.426%7.640%
1st payment$1,188.96$1,188.96$2,804.14
2nd payment$0.00$1,297.06$0.00
Taxes / mo$177.00$177.00$177.00
Insurance / mo$150.00$150.00$150.00
MI / mo$173.88$173.88$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,689.84$2,986.89$3,212.14
Cash to close$239,558$45,000$45,000