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$211,781$211,781$297,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$85,219$0
Funding fee$0$0$0
Note rate5.220%5.220%7.320%
Blended rate6.070%6.911%7.560%
1st payment$1,263.30$1,263.30$2,040.18
2nd payment$0.00$639.14$0.00
Taxes / mo$234.50$234.50$234.50
Insurance / mo$150.00$150.00$150.00
MI / mo$160.29$160.29$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,808.09$2,447.24$2,484.08
Cash to close$118,219$33,000$33,000