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$225,777$225,777$238,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$25,973$0
Funding fee$0$0$0
Note rate4.990%4.990%7.400%
Blended rate5.840%6.463%7.640%
1st payment$1,295.18$1,295.18$1,651.33
2nd payment$0.00$257.02$0.00
Taxes / mo$327.83$327.83$327.83
Insurance / mo$150.00$150.00$150.00
MI / mo$171.09$171.09$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,944.11$2,201.13$2,176.86
Cash to close$39,223$13,250$26,500