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$229,360$229,360$314,100
Remaining term (yrs)22.722.730.0
Secondary amount$0$84,740$0
Funding fee$0$0$0
Note rate4.100%4.100%7.320%
Blended rate4.950%6.043%7.560%
1st payment$1,290.49$1,290.49$2,157.65
2nd payment$0.00$635.55$0.00
Taxes / mo$329.25$329.25$329.25
Insurance / mo$150.00$150.00$150.00
MI / mo$189.18$189.18$62.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,958.92$2,594.47$2,699.72
Cash to close$119,640$34,900$34,900