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$171,896$171,896$454,500
Remaining term (yrs)20.320.330.0
Secondary amount$0$282,604$0
Funding fee$0$0$0
Note rate4.150%4.150%7.320%
Blended rate5.000%6.710%7.560%
1st payment$1,038.78$1,038.78$3,122.10
2nd payment$0.00$1,825.15$0.00
Taxes / mo$106.75$106.75$106.75
Insurance / mo$166.67$166.67$166.67
MI / mo$151.37$151.37$90.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,463.57$3,288.72$3,486.42
Cash to close$333,104$50,500$50,500