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$205,579$205,579$355,410
Remaining term (yrs)22.522.530.0
Secondary amount$0$149,831$0
Funding fee$0$0$0
Note rate4.080%4.080%7.400%
Blended rate4.930%6.224%7.640%
1st payment$1,159.60$1,159.60$2,460.79
2nd payment$0.00$998.87$0.00
Taxes / mo$123.83$123.83$123.83
Insurance / mo$150.00$150.00$150.00
MI / mo$170.40$170.40$71.08
HOA / mo$0.00$0.00$0.00
Total monthly$1,603.83$2,602.71$2,805.70
Cash to close$189,321$39,490$39,490