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$167,274$167,274$481,500
Remaining term (yrs)20.320.330.0
Secondary amount$0$314,226$0
Funding fee$0$0$0
Note rate4.200%4.200%7.320%
Blended rate5.050%6.812%7.560%
1st payment$1,017.94$1,017.94$3,307.57
2nd payment$0.00$2,029.37$0.00
Taxes / mo$153.33$153.33$153.33
Insurance / mo$166.67$166.67$166.67
MI / mo$147.45$147.45$96.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,485.38$3,514.76$3,723.87
Cash to close$367,726$53,500$53,500