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$249,583$249,583$274,500
Remaining term (yrs)25.625.630.0
Secondary amount$0$40,167$0
Funding fee$0$0$0
Note rate4.170%4.170%7.240%
Blended rate5.020%5.970%7.480%
1st payment$1,318.80$1,318.80$1,870.71
2nd payment$0.00$397.48$0.00
Taxes / mo$272.92$272.92$272.92
Insurance / mo$150.00$150.00$150.00
MI / mo$191.71$191.71$54.90
HOA / mo$75.67$75.67$75.67
Total monthly$2,009.09$2,406.58$2,424.20
Cash to close$55,417$15,250$30,500