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$208,105$208,105$315,000
Remaining term (yrs)21.621.630.0
Secondary amount$0$106,895$0
Funding fee$0$0$0
Note rate4.400%4.400%7.320%
Blended rate5.250%6.183%7.560%
1st payment$1,240.16$1,240.16$2,163.83
2nd payment$0.00$712.63$0.00
Taxes / mo$507.50$507.50$507.50
Insurance / mo$150.00$150.00$150.00
MI / mo$175.42$175.42$63.00
HOA / mo$230.00$230.00$230.00
Total monthly$2,303.09$3,015.72$3,114.33
Cash to close$141,895$35,000$35,000