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$252,468$252,468$359,100
Remaining term (yrs)21.621.630.0
Secondary amount$0$106,632$0
Funding fee$0$0$0
Note rate4.500%4.500%7.400%
Blended rate5.350%6.137%7.640%
1st payment$1,518.38$1,518.38$2,486.34
2nd payment$0.00$710.88$0.00
Taxes / mo$606.92$606.92$606.92
Insurance / mo$150.00$150.00$150.00
MI / mo$212.27$212.27$71.82
HOA / mo$144.00$144.00$144.00
Total monthly$2,631.56$3,342.44$3,459.07
Cash to close$146,532$39,900$39,900