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$167,375$167,375$261,000
Remaining term (yrs)21.621.630.0
Secondary amount$0$93,625$0
Funding fee$0$0$0
Note rate4.470%4.470%7.400%
Blended rate5.320%6.640%7.640%
1st payment$1,003.86$1,003.86$1,807.11
2nd payment$0.00$702.19$0.00
Taxes / mo$492.51$492.51$492.51
Insurance / mo$150.00$150.00$150.00
MI / mo$140.83$140.83$52.20
HOA / mo$14.50$14.50$14.50
Total monthly$1,801.70$2,503.89$2,516.32
Cash to close$122,625$29,000$29,000