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$207,158$207,158$328,500
Remaining term (yrs)22.522.530.0
Secondary amount$0$121,342$0
Funding fee$0$0$0
Note rate4.060%4.060%7.320%
Blended rate4.910%6.051%7.560%
1st payment$1,166.26$1,166.26$2,256.57
2nd payment$0.00$808.94$0.00
Taxes / mo$374.67$374.67$374.67
Insurance / mo$150.00$150.00$150.00
MI / mo$171.79$171.79$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,862.72$2,671.66$2,846.93
Cash to close$157,842$36,500$36,500