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$214,255$214,255$386,999
Remaining term (yrs)21.521.530.0
Secondary amount$0$172,744$0
Funding fee$0$0$0
Note rate4.440%4.440%7.320%
Blended rate5.290%6.500%7.560%
1st payment$1,284.43$1,284.43$2,658.42
2nd payment$0.00$1,151.63$0.00
Taxes / mo$134.83$134.83$134.83
Insurance / mo$150.00$150.00$150.00
MI / mo$180.83$180.83$77.40
HOA / mo$29.00$29.00$29.00
Total monthly$1,779.10$2,930.72$3,049.65
Cash to close$215,744$43,000$43,000