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$224,089$224,089$396,000
Remaining term (yrs)21.221.230.0
Secondary amount$0$171,911$0
Funding fee$0$0$0
Note rate4.120%4.120%7.240%
Blended rate4.970%6.285%7.480%
1st payment$1,317.08$1,317.08$2,698.73
2nd payment$0.00$1,146.07$0.00
Taxes / mo$357.67$357.67$357.67
Insurance / mo$150.00$150.00$150.00
MI / mo$192.61$192.61$79.20
HOA / mo$99.00$99.00$99.00
Total monthly$2,116.36$3,262.43$3,384.60
Cash to close$215,911$44,000$44,000