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$186,382$186,382$521,100
Remaining term (yrs)21.621.630.0
Secondary amount$0$334,718$0
Funding fee$0$0$0
Note rate4.470%4.470%7.320%
Blended rate5.320%6.881%7.560%
1st payment$1,117.86$1,117.86$3,579.60
2nd payment$0.00$2,161.72$0.00
Taxes / mo$482.50$482.50$482.50
Insurance / mo$166.67$166.67$166.67
MI / mo$156.83$156.83$104.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,923.85$4,085.57$4,332.98
Cash to close$392,618$57,900$57,900