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$258,239$258,239$405,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$146,761$0
Funding fee$0$0$0
Note rate5.220%5.220%7.400%
Blended rate6.070%6.769%7.640%
1st payment$1,511.94$1,511.94$2,804.14
2nd payment$0.00$978.41$0.00
Taxes / mo$375.00$375.00$375.00
Insurance / mo$150.00$150.00$150.00
MI / mo$194.60$194.60$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,231.54$3,209.94$3,410.14
Cash to close$191,761$45,000$45,000