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$181,846$181,846$517,500
Remaining term (yrs)17.117.130.0
Secondary amount$0$335,654$0
Funding fee$0$0$0
Note rate4.290%4.290%7.400%
Blended rate5.140%6.833%7.640%
1st payment$1,244.76$1,244.76$3,583.07
2nd payment$0.00$2,167.77$0.00
Taxes / mo$479.17$479.17$479.17
Insurance / mo$166.67$166.67$166.67
MI / mo$178.38$178.38$103.50
HOA / mo$151.00$151.00$151.00
Total monthly$2,219.98$4,387.74$4,483.40
Cash to close$393,154$57,500$57,500