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$167,514$167,514$562,500
Remaining term (yrs)16.716.730.0
Secondary amount$0$394,986$0
Funding fee$0$0$0
Note rate3.420%3.420%7.400%
Blended rate4.270%6.714%7.640%
1st payment$1,091.92$1,091.92$3,894.64
2nd payment$0.00$2,550.95$0.00
Taxes / mo$520.83$520.83$520.83
Insurance / mo$166.67$166.67$166.67
MI / mo$173.97$173.97$112.50
HOA / mo$377.00$377.00$377.00
Total monthly$2,330.38$4,881.33$5,071.64
Cash to close$457,486$62,500$62,500