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$215,239$215,239$413,910
Remaining term (yrs)21.321.330.0
Secondary amount$0$198,671$0
Funding fee$0$0$0
Note rate4.150%4.150%7.240%
Blended rate5.000%6.440%7.480%
1st payment$1,262.42$1,262.42$2,820.79
2nd payment$0.00$1,324.47$0.00
Taxes / mo$133.33$133.33$133.33
Insurance / mo$166.67$166.67$166.67
MI / mo$183.96$183.96$82.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,746.38$3,070.85$3,203.57
Cash to close$244,661$45,990$45,990