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$186,158$186,158$463,500
Remaining term (yrs)13.913.930.0
Secondary amount$0$277,342$0
Funding fee$0$0$0
Note rate4.430%4.430%7.400%
Blended rate5.280%6.758%7.640%
1st payment$1,482.61$1,482.61$3,209.18
2nd payment$0.00$1,791.17$0.00
Taxes / mo$450.00$450.00$450.00
Insurance / mo$166.67$166.67$166.67
MI / mo$208.98$208.98$92.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,308.26$4,099.42$3,918.55
Cash to close$328,842$51,500$51,500