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$215,857$215,857$341,100
Remaining term (yrs)22.922.930.0
Secondary amount$0$125,243$0
Funding fee$0$0$0
Note rate4.620%4.620%7.320%
Blended rate5.470%6.399%7.560%
1st payment$1,268.65$1,268.65$2,343.12
2nd payment$0.00$834.95$0.00
Taxes / mo$666.83$666.83$666.83
Insurance / mo$150.00$150.00$150.00
MI / mo$174.88$174.88$68.22
HOA / mo$11.00$11.00$11.00
Total monthly$2,271.37$3,106.32$3,239.17
Cash to close$163,143$37,900$37,900