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$227,189$227,189$368,910
Remaining term (yrs)22.022.030.0
Secondary amount$0$141,721$0
Funding fee$0$0$0
Note rate4.810%4.810%7.400%
Blended rate5.660%6.559%7.640%
1st payment$1,390.39$1,390.39$2,554.26
2nd payment$0.00$944.81$0.00
Taxes / mo$517.12$517.12$517.12
Insurance / mo$150.00$150.00$150.00
MI / mo$187.50$187.50$73.78
HOA / mo$66.67$66.67$66.67
Total monthly$2,311.68$3,256.49$3,361.83
Cash to close$182,711$40,990$40,990