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$166,191$166,191$431,910
Remaining term (yrs)21.821.830.0
Secondary amount$0$265,719$0
Funding fee$0$0$0
Note rate4.500%4.500%7.320%
Blended rate5.350%6.827%7.560%
1st payment$995.01$995.01$2,966.92
2nd payment$0.00$1,716.10$0.00
Taxes / mo$313.50$313.50$313.50
Insurance / mo$166.67$166.67$166.67
MI / mo$139.10$139.10$86.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,614.28$3,330.38$3,533.47
Cash to close$313,709$47,990$47,990