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$214,293$214,293$238,950
Remaining term (yrs)25.625.630.0
Secondary amount$0$37,932$0
Funding fee$0$0$0
Note rate4.720%4.720%7.400%
Blended rate5.570%6.518%7.640%
1st payment$1,199.50$1,199.50$1,654.44
2nd payment$0.00$375.37$0.00
Taxes / mo$221.25$221.25$221.25
Insurance / mo$150.00$150.00$150.00
MI / mo$163.44$163.44$47.79
HOA / mo$0.00$0.00$0.00
Total monthly$1,734.19$2,109.56$2,073.48
Cash to close$51,207$13,275$26,550