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$179,557$179,557$513,000
Remaining term (yrs)13.313.330.0
Secondary amount$0$333,443$0
Funding fee$0$0$0
Note rate5.250%5.250%7.320%
Blended rate6.100%7.172%7.560%
1st payment$1,556.12$1,556.12$3,523.95
2nd payment$0.00$2,153.49$0.00
Taxes / mo$367.67$367.67$367.67
Insurance / mo$166.67$166.67$166.67
MI / mo$199.61$199.61$102.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,290.06$4,443.54$4,160.89
Cash to close$390,443$57,000$57,000