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$158,314$158,314$423,000
Remaining term (yrs)15.415.430.0
Secondary amount$0$264,686$0
Funding fee$0$0$0
Note rate2.660%2.660%7.400%
Blended rate3.510%6.163%7.640%
1st payment$1,039.57$1,039.57$2,928.77
2nd payment$0.00$1,709.43$0.00
Taxes / mo$224.33$224.33$224.33
Insurance / mo$166.67$166.67$166.67
MI / mo$136.94$136.94$84.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,567.51$3,276.94$3,404.37
Cash to close$311,686$47,000$47,000