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$205,056$205,056$359,100
Remaining term (yrs)22.022.030.0
Secondary amount$0$154,044$0
Funding fee$0$0$0
Note rate4.540%4.540%7.400%
Blended rate5.390%6.510%7.640%
1st payment$1,224.11$1,224.11$2,486.34
2nd payment$0.00$1,026.96$0.00
Taxes / mo$325.08$325.08$325.08
Insurance / mo$150.00$150.00$150.00
MI / mo$170.33$170.33$71.82
HOA / mo$44.17$44.17$44.17
Total monthly$1,913.69$2,940.66$3,077.41
Cash to close$193,944$39,900$39,900