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$172,816$172,816$449,100
Remaining term (yrs)20.520.530.0
Secondary amount$0$276,284$0
Funding fee$0$0$0
Note rate4.160%4.160%7.400%
Blended rate5.010%6.696%7.640%
1st payment$1,039.92$1,039.92$3,109.48
2nd payment$0.00$1,784.33$0.00
Taxes / mo$357.33$357.33$357.33
Insurance / mo$166.67$166.67$166.67
MI / mo$151.35$151.35$89.82
HOA / mo$140.00$140.00$140.00
Total monthly$1,855.28$3,639.61$3,863.30
Cash to close$326,184$49,900$49,900