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$252,450$252,450$310,500
Remaining term (yrs)22.522.530.0
Secondary amount$0$58,050$0
Funding fee$0$0$0
Note rate4.200%4.200%7.400%
Blended rate5.050%5.788%7.640%
1st payment$1,440.48$1,440.48$2,149.84
2nd payment$0.00$435.38$0.00
Taxes / mo$186.42$186.42$186.42
Insurance / mo$150.00$150.00$150.00
MI / mo$208.65$208.65$62.10
HOA / mo$344.00$344.00$344.00
Total monthly$2,329.55$2,764.92$2,892.36
Cash to close$92,550$34,500$34,500