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$206,308$206,308$229,050
Remaining term (yrs)25.425.430.0
Secondary amount$0$35,467$0
Funding fee$0$0$0
Note rate4.720%4.720%7.400%
Blended rate5.570%6.495%7.640%
1st payment$1,158.66$1,158.66$1,585.90
2nd payment$0.00$350.98$0.00
Taxes / mo$120.58$120.58$120.58
Insurance / mo$150.00$150.00$150.00
MI / mo$157.88$157.88$45.81
HOA / mo$0.00$0.00$0.00
Total monthly$1,587.12$1,938.10$1,902.29
Cash to close$48,192$12,725$25,450