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$212,397$212,397$270,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$57,603$0
Funding fee$0$0$0
Note rate4.170%4.170%7.320%
Blended rate5.020%5.869%7.560%
1st payment$1,124.34$1,124.34$1,854.71
2nd payment$0.00$432.02$0.00
Taxes / mo$102.78$102.78$102.78
Insurance / mo$150.00$150.00$150.00
MI / mo$163.44$163.44$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,540.56$1,972.59$2,161.50
Cash to close$87,603$30,000$30,000