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$241,266$241,266$292,499
Remaining term (yrs)25.825.830.0
Secondary amount$0$51,233$0
Funding fee$0$0$0
Note rate5.230%5.230%7.320%
Blended rate6.080%6.591%7.560%
1st payment$1,418.27$1,418.27$2,009.27
2nd payment$0.00$384.25$0.00
Taxes / mo$117.42$117.42$117.42
Insurance / mo$150.00$150.00$150.00
MI / mo$182.34$182.34$58.50
HOA / mo$33.33$33.33$33.33
Total monthly$1,901.36$2,285.61$2,368.51
Cash to close$83,733$32,500$32,500