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$167,592$167,592$324,000
Remaining term (yrs)18.018.030.0
Secondary amount$0$156,408$0
Funding fee$0$0$0
Note rate4.000%4.000%7.320%
Blended rate4.850%6.371%7.560%
1st payment$1,082.85$1,082.85$2,225.66
2nd payment$0.00$1,042.72$0.00
Taxes / mo$400.67$400.67$400.67
Insurance / mo$150.00$150.00$150.00
MI / mo$160.66$160.66$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,794.18$2,836.90$2,841.12
Cash to close$192,408$36,000$36,000