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$171,282$171,282$391,500
Remaining term (yrs)20.620.630.0
Secondary amount$0$220,218$0
Funding fee$0$0$0
Note rate4.030%4.030%7.400%
Blended rate4.880%6.494%7.640%
1st payment$1,016.21$1,016.21$2,710.67
2nd payment$0.00$1,422.24$0.00
Taxes / mo$100.28$100.28$100.28
Insurance / mo$150.00$150.00$150.00
MI / mo$150.23$150.23$78.30
HOA / mo$7.08$7.08$7.08
Total monthly$1,423.79$2,846.03$3,046.33
Cash to close$263,718$43,500$43,500