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$202,767$202,767$315,000
Remaining term (yrs)22.522.530.0
Secondary amount$0$112,233$0
Funding fee$0$0$0
Note rate4.060%4.060%7.320%
Blended rate4.910%6.011%7.560%
1st payment$1,141.54$1,141.54$2,163.83
2nd payment$0.00$748.22$0.00
Taxes / mo$488.50$488.50$488.50
Insurance / mo$150.00$150.00$150.00
MI / mo$168.15$168.15$63.00
HOA / mo$224.00$224.00$224.00
Total monthly$2,172.19$2,920.41$3,089.33
Cash to close$147,233$35,000$35,000