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$158,123$158,123$449,100
Remaining term (yrs)9.39.330.0
Secondary amount$0$290,977$0
Funding fee$0$0$0
Note rate6.200%6.200%7.240%
Blended rate7.050%7.504%7.480%
1st payment$1,838.88$1,838.88$3,060.61
2nd payment$0.00$1,879.23$0.00
Taxes / mo$605.25$605.25$605.25
Insurance / mo$166.67$166.67$166.67
MI / mo$212.67$212.67$89.82
HOA / mo$800.00$800.00$800.00
Total monthly$3,623.46$5,502.69$4,722.34
Cash to close$340,877$49,900$49,900