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$170,618$170,618$405,000
Remaining term (yrs)12.812.830.0
Secondary amount$0$234,382$0
Funding fee$0$0$0
Note rate5.250%5.250%7.400%
Blended rate6.100%7.055%7.640%
1st payment$1,518.16$1,518.16$2,804.14
2nd payment$0.00$1,513.72$0.00
Taxes / mo$416.33$416.33$416.33
Insurance / mo$150.00$150.00$150.00
MI / mo$194.74$194.74$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,279.24$3,792.96$3,451.47
Cash to close$279,382$45,000$45,000