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$180,714$180,714$359,100
Remaining term (yrs)25.525.530.0
Secondary amount$0$178,386$0
Funding fee$0$0$0
Note rate4.160%4.160%7.400%
Blended rate5.010%6.495%7.640%
1st payment$955.61$955.61$2,486.34
2nd payment$0.00$1,189.24$0.00
Taxes / mo$372.25$372.25$372.25
Insurance / mo$150.00$150.00$150.00
MI / mo$139.08$139.08$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,616.94$2,806.18$3,080.41
Cash to close$218,286$39,900$39,900