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$245,261$245,261$382,500
Remaining term (yrs)21.921.930.0
Secondary amount$0$137,239$0
Funding fee$0$0$0
Note rate4.520%4.520%7.320%
Blended rate5.370%6.314%7.560%
1st payment$1,467.86$1,467.86$2,627.51
2nd payment$0.00$914.93$0.00
Taxes / mo$446.67$446.67$446.67
Insurance / mo$150.00$150.00$150.00
MI / mo$204.72$204.72$76.50
HOA / mo$166.67$166.67$166.67
Total monthly$2,435.92$3,350.85$3,467.35
Cash to close$179,739$42,500$42,500