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$187,344$187,344$607,500
Remaining term (yrs)17.817.830.0
Secondary amount$0$420,156$0
Funding fee$0$0$0
Note rate4.160%4.160%7.400%
Blended rate5.010%6.905%7.640%
1st payment$1,237.51$1,237.51$4,206.21
2nd payment$0.00$2,713.51$0.00
Taxes / mo$157.23$157.23$157.23
Insurance / mo$166.67$166.67$166.67
MI / mo$180.11$180.11$121.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,741.51$4,455.02$4,651.60
Cash to close$487,656$67,500$67,500