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$161,595$161,595$472,500
Remaining term (yrs)12.212.230.0
Secondary amount$0$310,905$0
Funding fee$0$0$0
Note rate6.620%6.620%7.400%
Blended rate7.470%7.654%7.640%
1st payment$1,600.43$1,600.43$3,271.49
2nd payment$0.00$2,007.93$0.00
Taxes / mo$198.42$198.42$198.42
Insurance / mo$166.67$166.67$166.67
MI / mo$177.14$177.14$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,142.65$4,150.58$3,731.08
Cash to close$363,405$52,500$52,500