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$168,583$168,583$382,500
Remaining term (yrs)20.420.430.0
Secondary amount$0$213,917$0
Funding fee$0$0$0
Note rate4.210%4.210%7.320%
Blended rate5.060%6.564%7.560%
1st payment$1,021.55$1,021.55$2,627.51
2nd payment$0.00$1,381.55$0.00
Taxes / mo$354.17$354.17$354.17
Insurance / mo$150.00$150.00$150.00
MI / mo$147.79$147.79$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,673.51$3,055.06$3,208.18
Cash to close$256,417$42,500$42,500