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$215,225$215,225$355,500
Remaining term (yrs)22.722.730.0
Secondary amount$0$140,275$0
Funding fee$0$0$0
Note rate4.140%4.140%7.400%
Blended rate4.990%6.178%7.640%
1st payment$1,215.65$1,215.65$2,461.41
2nd payment$0.00$935.17$0.00
Taxes / mo$329.17$329.17$329.17
Insurance / mo$150.00$150.00$150.00
MI / mo$177.35$177.35$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,872.17$2,807.34$3,011.68
Cash to close$179,775$39,500$39,500