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$265,616$265,616$396,000
Remaining term (yrs)21.921.930.0
Secondary amount$0$130,384$0
Funding fee$0$0$0
Note rate4.530%4.530%7.400%
Blended rate5.380%6.243%7.640%
1st payment$1,587.64$1,587.64$2,741.82
2nd payment$0.00$869.23$0.00
Taxes / mo$312.25$312.25$312.25
Insurance / mo$150.00$150.00$150.00
MI / mo$221.17$221.17$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,271.06$3,140.29$3,283.27
Cash to close$174,384$44,000$44,000