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$222,292$222,292$350,910
Remaining term (yrs)21.721.730.0
Secondary amount$0$128,618$0
Funding fee$0$0$0
Note rate4.550%4.550%7.320%
Blended rate5.400%6.353%7.560%
1st payment$1,340.01$1,340.01$2,410.51
2nd payment$0.00$857.45$0.00
Taxes / mo$239.17$239.17$239.17
Insurance / mo$150.00$150.00$150.00
MI / mo$186.24$186.24$70.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,915.41$2,772.86$2,869.86
Cash to close$167,608$38,990$38,990