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$253,439$253,439$404,100
Remaining term (yrs)22.422.430.0
Secondary amount$0$150,661$0
Funding fee$0$0$0
Note rate4.460%4.460%7.320%
Blended rate5.310%6.313%7.560%
1st payment$1,485.53$1,485.53$2,775.89
2nd payment$0.00$1,004.40$0.00
Taxes / mo$175.50$175.50$175.50
Insurance / mo$150.00$150.00$150.00
MI / mo$208.65$208.65$80.82
HOA / mo$18.33$18.33$18.33
Total monthly$2,038.01$3,042.41$3,200.54
Cash to close$195,561$44,900$44,900