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$167,182$167,182$472,500
Remaining term (yrs)14.014.030.0
Secondary amount$0$305,318$0
Funding fee$0$0$0
Note rate4.620%4.620%7.400%
Blended rate5.470%6.943%7.640%
1st payment$1,341.93$1,341.93$3,271.49
2nd payment$0.00$1,971.85$0.00
Taxes / mo$289.33$289.33$289.33
Insurance / mo$166.67$166.67$166.67
MI / mo$184.99$184.99$94.50
HOA / mo$49.33$49.33$49.33
Total monthly$2,032.25$4,004.09$3,871.32
Cash to close$357,818$52,500$52,500