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$255,904$255,904$378,000
Remaining term (yrs)22.522.530.0
Secondary amount$0$122,096$0
Funding fee$0$0$0
Note rate4.080%4.080%7.400%
Blended rate4.930%5.922%7.640%
1st payment$1,443.47$1,443.47$2,617.20
2nd payment$0.00$813.97$0.00
Taxes / mo$306.67$306.67$306.67
Insurance / mo$150.00$150.00$150.00
MI / mo$212.11$212.11$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,112.24$2,926.22$3,149.46
Cash to close$164,096$42,000$42,000