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$156,772$156,772$494,100
Remaining term (yrs)21.821.830.0
Secondary amount$0$337,328$0
Funding fee$0$0$0
Note rate4.520%4.520%7.400%
Blended rate5.370%6.995%7.640%
1st payment$940.35$940.35$3,421.05
2nd payment$0.00$2,178.58$0.00
Taxes / mo$463.67$463.67$463.67
Insurance / mo$166.67$166.67$166.67
MI / mo$131.15$131.15$98.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,701.83$3,880.41$4,150.20
Cash to close$392,228$54,900$54,900