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$211,691$211,691$405,000
Remaining term (yrs)21.921.930.0
Secondary amount$0$193,309$0
Funding fee$0$0$0
Note rate4.530%4.530%7.320%
Blended rate5.380%6.631%7.560%
1st payment$1,268.12$1,268.12$2,782.07
2nd payment$0.00$1,288.72$0.00
Taxes / mo$326.75$326.75$326.75
Insurance / mo$150.00$150.00$150.00
MI / mo$176.66$176.66$81.00
HOA / mo$6.25$6.25$6.25
Total monthly$1,927.78$3,216.50$3,346.07
Cash to close$238,309$45,000$45,000