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$175,046$175,046$535,410
Remaining term (yrs)12.512.530.0
Secondary amount$0$360,364$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%7.129%7.640%
1st payment$1,556.86$1,556.86$3,707.07
2nd payment$0.00$2,327.35$0.00
Taxes / mo$383.92$383.92$383.92
Insurance / mo$166.67$166.67$166.67
MI / mo$205.43$205.43$107.08
HOA / mo$74.00$74.00$74.00
Total monthly$2,386.87$4,714.22$4,438.74
Cash to close$419,854$59,490$59,490