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$205,417$205,417$288,000
Remaining term (yrs)21.921.930.0
Secondary amount$0$82,583$0
Funding fee$0$0$0
Note rate4.520%4.520%7.320%
Blended rate5.370%6.411%7.560%
1st payment$1,226.69$1,226.69$1,978.36
2nd payment$0.00$619.37$0.00
Taxes / mo$370.17$370.17$370.17
Insurance / mo$150.00$150.00$150.00
MI / mo$171.09$171.09$57.60
HOA / mo$87.00$87.00$87.00
Total monthly$2,004.94$2,624.31$2,643.13
Cash to close$114,583$32,000$32,000