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$235,119$235,119$292,410
Remaining term (yrs)21.621.630.0
Secondary amount$0$57,291$0
Funding fee$0$0$0
Note rate4.470%4.470%7.320%
Blended rate5.320%6.041%7.560%
1st payment$1,410.16$1,410.16$2,008.65
2nd payment$0.00$429.68$0.00
Taxes / mo$501.83$501.83$501.83
Insurance / mo$150.00$150.00$150.00
MI / mo$197.83$197.83$58.48
HOA / mo$0.00$0.00$0.00
Total monthly$2,259.83$2,689.51$2,718.97
Cash to close$89,781$32,490$32,490