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$233,384$233,384$369,000
Remaining term (yrs)21.921.930.0
Secondary amount$0$135,616$0
Funding fee$0$0$0
Note rate4.590%4.590%7.320%
Blended rate5.440%6.381%7.560%
1st payment$1,402.73$1,402.73$2,534.77
2nd payment$0.00$904.11$0.00
Taxes / mo$550.58$550.58$550.58
Insurance / mo$150.00$150.00$150.00
MI / mo$194.05$194.05$73.80
HOA / mo$327.00$327.00$327.00
Total monthly$2,624.36$3,528.47$3,636.16
Cash to close$176,616$41,000$41,000