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$205,849$205,849$310,500
Remaining term (yrs)22.022.030.0
Secondary amount$0$104,651$0
Funding fee$0$0$0
Note rate4.600%4.600%7.320%
Blended rate5.450%6.309%7.560%
1st payment$1,235.69$1,235.69$2,132.92
2nd payment$0.00$697.67$0.00
Taxes / mo$673.50$673.50$673.50
Insurance / mo$150.00$150.00$150.00
MI / mo$170.74$170.74$62.10
HOA / mo$11.00$11.00$11.00
Total monthly$2,240.93$2,938.60$3,029.52
Cash to close$139,151$34,500$34,500