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$274,946$274,946$387,000
Remaining term (yrs)21.921.930.0
Secondary amount$0$112,054$0
Funding fee$0$0$0
Note rate4.520%4.520%7.400%
Blended rate5.370%6.132%7.640%
1st payment$1,645.52$1,645.52$2,679.51
2nd payment$0.00$747.02$0.00
Taxes / mo$358.33$358.33$358.33
Insurance / mo$150.00$150.00$150.00
MI / mo$229.50$229.50$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,383.36$3,130.38$3,265.24
Cash to close$155,054$43,000$43,000