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$201,028$201,028$404,100
Remaining term (yrs)22.522.530.0
Secondary amount$0$203,072$0
Funding fee$0$0$0
Note rate4.270%4.270%7.400%
Blended rate5.120%6.442%7.640%
1st payment$1,154.76$1,154.76$2,797.91
2nd payment$0.00$1,311.51$0.00
Taxes / mo$281.67$281.67$281.67
Insurance / mo$150.00$150.00$150.00
MI / mo$165.88$165.88$80.82
HOA / mo$12.50$12.50$12.50
Total monthly$1,764.81$3,076.32$3,322.89
Cash to close$247,972$44,900$44,900