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$230,442$230,442$283,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$53,058$0
Funding fee$0$0$0
Note rate4.160%4.160%7.320%
Blended rate5.010%5.757%7.560%
1st payment$1,218.57$1,218.57$1,947.45
2nd payment$0.00$397.93$0.00
Taxes / mo$306.67$306.67$306.67
Insurance / mo$150.00$150.00$150.00
MI / mo$177.35$177.35$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,852.59$2,250.52$2,460.81
Cash to close$84,558$31,500$31,500