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$162,774$162,774$481,500
Remaining term (yrs)12.212.230.0
Secondary amount$0$318,726$0
Funding fee$0$0$0
Note rate5.970%5.970%7.320%
Blended rate6.820%7.436%7.560%
1st payment$1,556.58$1,556.58$3,307.57
2nd payment$0.00$2,058.44$0.00
Taxes / mo$221.58$221.58$221.58
Insurance / mo$166.67$166.67$166.67
MI / mo$184.49$184.49$96.30
HOA / mo$71.67$71.67$71.67
Total monthly$2,201.00$4,259.44$3,863.79
Cash to close$372,226$53,500$53,500