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$247,946$247,946$382,500
Remaining term (yrs)21.921.930.0
Secondary amount$0$134,554$0
Funding fee$0$0$0
Note rate4.530%4.530%7.320%
Blended rate5.380%6.302%7.560%
1st payment$1,485.30$1,485.30$2,627.51
2nd payment$0.00$897.03$0.00
Taxes / mo$354.17$354.17$354.17
Insurance / mo$150.00$150.00$150.00
MI / mo$206.91$206.91$76.50
HOA / mo$175.00$175.00$175.00
Total monthly$2,371.37$3,268.40$3,383.18
Cash to close$177,054$42,500$42,500