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$221,066$221,066$386,910
Remaining term (yrs)20.420.430.0
Secondary amount$0$165,844$0
Funding fee$0$0$0
Note rate4.170%4.170%7.400%
Blended rate5.020%6.297%7.640%
1st payment$1,334.85$1,334.85$2,678.89
2nd payment$0.00$1,105.63$0.00
Taxes / mo$255.75$255.75$255.75
Insurance / mo$150.00$150.00$150.00
MI / mo$194.05$194.05$77.38
HOA / mo$106.00$106.00$106.00
Total monthly$2,040.65$3,146.27$3,268.02
Cash to close$208,834$42,990$42,990