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$161,874$161,874$440,910
Remaining term (yrs)26.826.830.0
Secondary amount$0$279,036$0
Funding fee$0$0$0
Note rate6.670%6.670%7.400%
Blended rate7.220%7.555%7.640%
1st payment$1,080.00$1,080.00$3,052.77
2nd payment$0.00$1,802.11$0.00
Taxes / mo$63.67$63.67$63.67
Insurance / mo$166.67$166.67$166.67
MI / mo$76.95$76.95$88.18
HOA / mo$12.67$12.67$12.67
Total monthly$1,399.95$3,202.06$3,383.96
Cash to close$328,026$48,990$48,990