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$203,210$203,210$278,550
Remaining term (yrs)24.924.930.0
Secondary amount$0$75,340$0
Funding fee$0$0$0
Note rate5.220%5.220%7.320%
Blended rate6.070%6.862%7.560%
1st payment$1,212.18$1,212.18$1,913.45
2nd payment$0.00$565.05$0.00
Taxes / mo$265.42$265.42$265.42
Insurance / mo$150.00$150.00$150.00
MI / mo$153.80$153.80$55.71
HOA / mo$0.00$0.00$0.00
Total monthly$1,781.40$2,346.45$2,384.57
Cash to close$106,290$30,950$30,950