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$167,480$167,480$562,500
Remaining term (yrs)16.616.630.0
Secondary amount$0$395,020$0
Funding fee$0$0$0
Note rate3.420%3.420%7.320%
Blended rate4.270%6.714%7.560%
1st payment$1,095.71$1,095.71$3,863.98
2nd payment$0.00$2,551.17$0.00
Taxes / mo$316.50$316.50$316.50
Insurance / mo$166.67$166.67$166.67
MI / mo$174.57$174.57$112.50
HOA / mo$100.00$100.00$100.00
Total monthly$1,853.45$4,404.62$4,559.65
Cash to close$457,520$62,500$62,500