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$225,941$225,941$369,000
Remaining term (yrs)22.922.930.0
Secondary amount$0$143,059$0
Funding fee$0$0$0
Note rate4.250%4.250%7.400%
Blended rate5.100%6.224%7.640%
1st payment$1,284.24$1,284.24$2,554.88
2nd payment$0.00$953.73$0.00
Taxes / mo$116.67$116.67$116.67
Insurance / mo$150.00$150.00$150.00
MI / mo$181.80$181.80$73.80
HOA / mo$25.00$25.00$25.00
Total monthly$1,757.70$2,711.43$2,920.35
Cash to close$184,059$41,000$41,000