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$176,116$176,116$359,910
Remaining term (yrs)21.721.730.0
Secondary amount$0$183,794$0
Funding fee$0$0$0
Note rate4.550%4.550%7.320%
Blended rate5.400%6.728%7.560%
1st payment$1,061.65$1,061.65$2,472.33
2nd payment$0.00$1,225.29$0.00
Taxes / mo$224.83$224.83$224.83
Insurance / mo$150.00$150.00$150.00
MI / mo$147.55$147.55$71.98
HOA / mo$12.92$12.92$12.92
Total monthly$1,596.96$2,822.25$2,932.07
Cash to close$223,784$39,990$39,990