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$231,377$231,377$314,100
Remaining term (yrs)22.622.630.0
Secondary amount$0$82,723$0
Funding fee$0$0$0
Note rate4.100%4.100%7.400%
Blended rate4.950%6.017%7.640%
1st payment$1,304.73$1,304.73$2,174.76
2nd payment$0.00$620.42$0.00
Taxes / mo$513.42$513.42$513.42
Insurance / mo$150.00$150.00$150.00
MI / mo$191.26$191.26$62.82
HOA / mo$286.67$286.67$286.67
Total monthly$2,446.08$3,066.50$3,187.67
Cash to close$117,623$34,900$34,900