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$242,784$242,784$288,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$45,216$0
Funding fee$0$0$0
Note rate4.000%4.000%7.320%
Blended rate4.850%5.502%7.560%
1st payment$1,266.89$1,266.89$1,978.36
2nd payment$0.00$339.12$0.00
Taxes / mo$436.25$436.25$436.25
Insurance / mo$150.00$150.00$150.00
MI / mo$187.97$187.97$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,041.10$2,380.23$2,622.21
Cash to close$77,216$32,000$32,000