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$242,778$242,778$269,999
Remaining term (yrs)29.329.330.0
Secondary amount$0$27,221$0
Funding fee$0$0$0
Note rate4.370%4.370%7.320%
Blended rate4.920%5.331%7.560%
1st payment$1,223.11$1,223.11$1,854.71
2nd payment$0.00$204.16$0.00
Taxes / mo$107.58$107.58$107.58
Insurance / mo$150.00$150.00$150.00
MI / mo$112.35$112.35$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,593.04$1,797.20$2,166.29
Cash to close$57,221$30,000$30,000