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$173,693$173,693$350,100
Remaining term (yrs)21.521.530.0
Secondary amount$0$176,407$0
Funding fee$0$0$0
Note rate4.400%4.400%7.240%
Blended rate5.250%6.636%7.480%
1st payment$1,037.47$1,037.47$2,385.92
2nd payment$0.00$1,176.05$0.00
Taxes / mo$148.17$148.17$148.17
Insurance / mo$150.00$150.00$150.00
MI / mo$146.75$146.75$70.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,482.38$2,658.43$2,754.11
Cash to close$215,307$38,900$38,900