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$251,548$251,548$296,910
Remaining term (yrs)25.625.630.0
Secondary amount$0$45,362$0
Funding fee$0$0$0
Note rate4.980%4.980%7.320%
Blended rate5.830%6.314%7.560%
1st payment$1,446.12$1,446.12$2,039.57
2nd payment$0.00$340.22$0.00
Taxes / mo$305.08$305.08$305.08
Insurance / mo$150.00$150.00$150.00
MI / mo$191.25$191.25$59.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,092.45$2,432.67$2,554.03
Cash to close$78,352$32,990$32,990