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$191,271$191,271$477,000
Remaining term (yrs)18.818.830.0
Secondary amount$0$285,729$0
Funding fee$0$0$0
Note rate4.160%4.160%7.400%
Blended rate5.010%6.651%7.640%
1st payment$1,218.57$1,218.57$3,302.65
2nd payment$0.00$1,845.33$0.00
Taxes / mo$576.83$576.83$576.83
Insurance / mo$166.67$166.67$166.67
MI / mo$177.35$177.35$95.40
HOA / mo$33.33$33.33$33.33
Total monthly$2,172.75$4,018.08$4,174.88
Cash to close$338,729$53,000$53,000