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$211,798$211,798$337,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$125,702$0
Funding fee$0$0$0
Note rate5.130%5.130%7.400%
Blended rate5.680%6.544%7.640%
1st payment$1,219.52$1,219.52$2,336.78
2nd payment$0.00$838.01$0.00
Taxes / mo$312.50$312.50$312.50
Insurance / mo$150.00$150.00$150.00
MI / mo$102.60$102.60$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,784.62$2,622.63$2,866.78
Cash to close$163,202$37,500$37,500