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$238,064$238,064$418,455
Remaining term (yrs)29.329.330.0
Secondary amount$0$180,391$0
Funding fee$0$0$0
Note rate5.620%5.620%7.320%
Blended rate6.170%6.959%7.560%
1st payment$1,378.64$1,378.64$2,874.50
2nd payment$0.00$1,202.60$0.00
Taxes / mo$443.42$443.42$443.42
Insurance / mo$166.67$166.67$166.67
MI / mo$109.83$109.83$83.69
HOA / mo$0.00$0.00$0.00
Total monthly$2,098.55$3,301.15$3,568.27
Cash to close$226,886$46,495$46,495