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$209,734$209,734$224,100
Remaining term (yrs)25.625.630.0
Secondary amount$0$26,816$0
Funding fee$0$0$0
Note rate4.720%4.720%7.400%
Blended rate5.570%6.285%7.640%
1st payment$1,173.98$1,173.98$1,551.62
2nd payment$0.00$265.37$0.00
Taxes / mo$220.92$220.92$220.92
Insurance / mo$150.00$150.00$150.00
MI / mo$159.97$159.97$44.82
HOA / mo$125.00$125.00$125.00
Total monthly$1,829.86$2,095.22$2,092.36
Cash to close$39,266$12,450$24,900