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$151,259$151,259$458,100
Remaining term (yrs)10.410.430.0
Secondary amount$0$306,841$0
Funding fee$0$0$0
Note rate6.190%6.190%7.400%
Blended rate7.040%7.516%7.640%
1st payment$1,626.39$1,626.39$3,171.79
2nd payment$0.00$1,981.68$0.00
Taxes / mo$342.33$342.33$342.33
Insurance / mo$166.67$166.67$166.67
MI / mo$188.29$188.29$91.62
HOA / mo$85.00$85.00$85.00
Total monthly$2,408.68$4,390.37$3,857.41
Cash to close$357,741$50,900$50,900