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$242,129$242,129$346,410
Remaining term (yrs)25.325.330.0
Secondary amount$0$104,281$0
Funding fee$0$0$0
Note rate4.160%4.160%7.240%
Blended rate5.010%5.910%7.480%
1st payment$1,285.06$1,285.06$2,360.78
2nd payment$0.00$695.20$0.00
Taxes / mo$84.17$84.17$84.17
Insurance / mo$150.00$150.00$150.00
MI / mo$187.03$187.03$69.28
HOA / mo$0.00$0.00$0.00
Total monthly$1,706.26$2,401.46$2,664.23
Cash to close$142,771$38,490$38,490