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$251,102$251,102$287,910
Remaining term (yrs)25.525.530.0
Secondary amount$0$36,808$0
Funding fee$0$0$0
Note rate4.670%4.670%7.400%
Blended rate5.520%5.965%7.640%
1st payment$1,400.63$1,400.63$1,993.43
2nd payment$0.00$276.06$0.00
Taxes / mo$103.33$103.33$103.33
Insurance / mo$150.00$150.00$150.00
MI / mo$191.96$191.96$57.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,845.92$2,121.98$2,304.35
Cash to close$68,798$31,990$31,990