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$238,052$238,052$427,410
Remaining term (yrs)21.921.930.0
Secondary amount$0$189,358$0
Funding fee$0$0$0
Note rate4.530%4.530%7.320%
Blended rate5.380%6.541%7.560%
1st payment$1,422.89$1,422.89$2,936.01
2nd payment$0.00$1,262.39$0.00
Taxes / mo$130.08$130.08$130.08
Insurance / mo$166.67$166.67$166.67
MI / mo$198.22$198.22$85.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,917.85$3,180.24$3,318.24
Cash to close$236,848$47,490$47,490