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$160,970$160,970$414,000
Remaining term (yrs)11.211.230.0
Secondary amount$0$253,030$0
Funding fee$0$0$0
Note rate5.500%5.500%7.400%
Blended rate6.350%7.206%7.640%
1st payment$1,593.19$1,593.19$2,866.45
2nd payment$0.00$1,634.15$0.00
Taxes / mo$173.50$173.50$173.50
Insurance / mo$166.67$166.67$166.67
MI / mo$198.76$198.76$82.80
HOA / mo$120.00$120.00$120.00
Total monthly$2,252.12$3,886.27$3,409.42
Cash to close$299,030$46,000$46,000