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$213,492$213,492$341,100
Remaining term (yrs)21.721.730.0
Secondary amount$0$127,608$0
Funding fee$0$0$0
Note rate4.500%4.500%7.400%
Blended rate5.350%6.341%7.640%
1st payment$1,281.08$1,281.08$2,361.71
2nd payment$0.00$850.72$0.00
Taxes / mo$527.67$527.67$527.67
Insurance / mo$150.00$150.00$150.00
MI / mo$179.09$179.09$68.22
HOA / mo$12.50$12.50$12.50
Total monthly$2,150.34$3,001.06$3,120.09
Cash to close$165,508$37,900$37,900