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$202,482$202,482$247,500
Remaining term (yrs)22.522.530.0
Secondary amount$0$45,018$0
Funding fee$0$0$0
Note rate4.310%4.310%7.400%
Blended rate5.160%5.858%7.640%
1st payment$1,167.56$1,167.56$1,713.64
2nd payment$0.00$337.63$0.00
Taxes / mo$229.17$229.17$229.17
Insurance / mo$150.00$150.00$150.00
MI / mo$166.92$166.92$49.50
HOA / mo$11.67$11.67$11.67
Total monthly$1,725.32$2,062.96$2,153.98
Cash to close$72,518$27,500$27,500