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$241,410$241,410$396,000
Remaining term (yrs)22.222.230.0
Secondary amount$0$154,590$0
Funding fee$0$0$0
Note rate4.850%4.850%7.320%
Blended rate5.700%6.598%7.560%
1st payment$1,476.68$1,476.68$2,720.25
2nd payment$0.00$1,030.60$0.00
Taxes / mo$366.67$366.67$366.67
Insurance / mo$150.00$150.00$150.00
MI / mo$198.22$198.22$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,191.56$3,222.16$3,316.11
Cash to close$198,590$44,000$44,000