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$252,938$252,938$363,600
Remaining term (yrs)22.222.230.0
Secondary amount$0$110,662$0
Funding fee$0$0$0
Note rate4.450%4.450%7.400%
Blended rate5.300%6.122%7.640%
1st payment$1,490.83$1,490.83$2,517.49
2nd payment$0.00$737.75$0.00
Taxes / mo$301.08$301.08$301.08
Insurance / mo$150.00$150.00$150.00
MI / mo$209.64$209.64$72.72
HOA / mo$40.00$40.00$40.00
Total monthly$2,191.56$2,929.31$3,081.30
Cash to close$151,062$40,400$40,400