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$162,372$162,372$286,650
Remaining term (yrs)20.420.430.0
Secondary amount$0$124,278$0
Funding fee$0$0$0
Note rate4.160%4.160%7.320%
Blended rate5.010%6.306%7.560%
1st payment$979.58$979.58$1,969.09
2nd payment$0.00$828.52$0.00
Taxes / mo$420.00$420.00$420.00
Insurance / mo$150.00$150.00$150.00
MI / mo$142.57$142.57$57.33
HOA / mo$0.00$0.00$0.00
Total monthly$1,692.15$2,520.67$2,596.42
Cash to close$156,128$31,850$31,850