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$220,962$220,962$238,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$30,788$0
Funding fee$0$0$0
Note rate4.990%4.990%7.320%
Blended rate5.840%6.578%7.560%
1st payment$1,263.60$1,263.60$1,638.33
2nd payment$0.00$304.67$0.00
Taxes / mo$334.33$334.33$334.33
Insurance / mo$150.00$150.00$150.00
MI / mo$166.92$166.92$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,914.85$2,219.52$2,170.36
Cash to close$44,038$13,250$26,500