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$202,959$202,959$283,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$80,541$0
Funding fee$0$0$0
Note rate5.220%5.220%7.320%
Blended rate6.070%6.902%7.560%
1st payment$1,188.29$1,188.29$1,947.45
2nd payment$0.00$604.06$0.00
Taxes / mo$256.33$256.33$256.33
Insurance / mo$150.00$150.00$150.00
MI / mo$152.94$152.94$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,747.56$2,351.62$2,410.48
Cash to close$112,041$31,500$31,500