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$160,878$160,878$359,100
Remaining term (yrs)16.816.830.0
Secondary amount$0$198,222$0
Funding fee$0$0$0
Note rate4.290%4.290%7.400%
Blended rate5.140%6.719%7.640%
1st payment$1,115.91$1,115.91$2,486.34
2nd payment$0.00$1,321.48$0.00
Taxes / mo$332.50$332.50$332.50
Insurance / mo$150.00$150.00$150.00
MI / mo$159.92$159.92$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,758.33$3,079.80$3,040.66
Cash to close$238,122$39,900$39,900