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$296,367$296,367$373,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$77,133$0
Funding fee$0$0$0
Note rate4.210%4.210%7.400%
Blended rate5.060%5.874%7.640%
1st payment$1,674.44$1,674.44$2,586.04
2nd payment$0.00$578.50$0.00
Taxes / mo$130.42$130.42$130.42
Insurance / mo$150.00$150.00$150.00
MI / mo$242.25$242.25$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,197.10$2,775.60$2,941.16
Cash to close$118,633$41,500$41,500