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$227,066$227,066$404,910
Remaining term (yrs)21.921.930.0
Secondary amount$0$177,844$0
Funding fee$0$0$0
Note rate4.570%4.570%7.400%
Blended rate5.420%6.553%7.640%
1st payment$1,365.23$1,365.23$2,803.52
2nd payment$0.00$1,185.63$0.00
Taxes / mo$374.92$374.92$374.92
Insurance / mo$150.00$150.00$150.00
MI / mo$189.30$189.30$80.98
HOA / mo$250.00$250.00$250.00
Total monthly$2,329.45$3,515.08$3,659.41
Cash to close$222,834$44,990$44,990