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$238,169$238,169$431,910
Remaining term (yrs)21.921.930.0
Secondary amount$0$193,741$0
Funding fee$0$0$0
Note rate4.550%4.550%7.320%
Blended rate5.400%6.566%7.560%
1st payment$1,426.22$1,426.22$2,966.92
2nd payment$0.00$1,291.61$0.00
Taxes / mo$130.08$130.08$130.08
Insurance / mo$166.67$166.67$166.67
MI / mo$198.22$198.22$86.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,921.19$3,212.79$3,350.05
Cash to close$241,731$47,990$47,990