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$221,417$221,417$405,000
Remaining term (yrs)22.222.230.0
Secondary amount$0$183,583$0
Funding fee$0$0$0
Note rate4.750%4.750%7.400%
Blended rate5.600%6.688%7.640%
1st payment$1,341.96$1,341.96$2,804.14
2nd payment$0.00$1,223.89$0.00
Taxes / mo$195.25$195.25$195.25
Insurance / mo$150.00$150.00$150.00
MI / mo$182.22$182.22$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,869.43$3,093.32$3,230.39
Cash to close$228,583$45,000$45,000