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$178,530$178,530$430,200
Remaining term (yrs)20.620.630.0
Secondary amount$0$251,670$0
Funding fee$0$0$0
Note rate4.050%4.050%7.320%
Blended rate4.900%6.567%7.560%
1st payment$1,061.10$1,061.10$2,955.18
2nd payment$0.00$1,625.37$0.00
Taxes / mo$171.50$171.50$171.50
Insurance / mo$166.67$166.67$166.67
MI / mo$156.49$156.49$86.04
HOA / mo$80.00$80.00$80.00
Total monthly$1,635.76$3,261.13$3,459.38
Cash to close$299,470$47,800$47,800