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$208,274$208,274$346,499
Remaining term (yrs)21.921.930.0
Secondary amount$0$138,225$0
Funding fee$0$0$0
Note rate4.530%4.530%7.320%
Blended rate5.380%6.425%7.560%
1st payment$1,247.65$1,247.65$2,380.21
2nd payment$0.00$921.50$0.00
Taxes / mo$307.15$307.15$307.15
Insurance / mo$150.00$150.00$150.00
MI / mo$173.81$173.81$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,878.60$2,800.10$2,906.66
Cash to close$176,725$38,500$38,500