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$171,269$171,269$405,000
Remaining term (yrs)12.812.830.0
Secondary amount$0$233,731$0
Funding fee$0$0$0
Note rate5.320%5.320%7.400%
Blended rate6.170%7.082%7.640%
1st payment$1,530.10$1,530.10$2,804.14
2nd payment$0.00$1,509.51$0.00
Taxes / mo$416.33$416.33$416.33
Insurance / mo$150.00$150.00$150.00
MI / mo$194.74$194.74$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,291.18$3,800.69$3,451.47
Cash to close$278,731$45,000$45,000