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$166,401$166,401$449,100
Remaining term (yrs)21.821.830.0
Secondary amount$0$282,699$0
Funding fee$0$0$0
Note rate4.550%4.550%7.400%
Blended rate5.400%6.879%7.640%
1st payment$1,000.86$1,000.86$3,109.48
2nd payment$0.00$1,825.77$0.00
Taxes / mo$302.08$302.08$302.08
Insurance / mo$166.67$166.67$166.67
MI / mo$139.10$139.10$89.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,608.71$3,434.47$3,668.05
Cash to close$332,599$49,900$49,900