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$151,056$151,056$450,000
Remaining term (yrs)16.816.830.0
Secondary amount$0$298,944$0
Funding fee$0$0$0
Note rate4.070%4.070%7.400%
Blended rate4.920%6.800%7.640%
1st payment$1,030.67$1,030.67$3,115.71
2nd payment$0.00$1,930.68$0.00
Taxes / mo$244.58$244.58$244.58
Insurance / mo$166.67$166.67$166.67
MI / mo$151.63$151.63$90.00
HOA / mo$435.00$435.00$435.00
Total monthly$2,028.55$3,959.23$4,051.96
Cash to close$348,944$50,000$50,000