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$231,313$231,313$350,100
Remaining term (yrs)22.622.630.0
Secondary amount$0$118,787$0
Funding fee$0$0$0
Note rate4.060%4.060%7.400%
Blended rate4.910%5.958%7.640%
1st payment$1,299.34$1,299.34$2,424.02
2nd payment$0.00$791.91$0.00
Taxes / mo$404.58$404.58$404.58
Insurance / mo$150.00$150.00$150.00
MI / mo$191.39$191.39$70.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,045.32$2,837.23$3,048.63
Cash to close$157,687$38,900$38,900