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$165,129$165,129$360,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$194,871$0
Funding fee$0$0$0
Note rate6.420%6.420%7.400%
Blended rate6.970%7.528%7.640%
1st payment$1,081.68$1,081.68$2,492.57
2nd payment$0.00$1,299.14$0.00
Taxes / mo$333.33$333.33$333.33
Insurance / mo$150.00$150.00$150.00
MI / mo$79.09$79.09$72.00
HOA / mo$1,482.00$1,482.00$1,482.00
Total monthly$3,126.11$4,425.25$4,529.90
Cash to close$234,871$40,000$40,000