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$175,208$175,208$585,000
Remaining term (yrs)9.99.930.0
Secondary amount$0$409,792$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.610%7.708%7.640%
1st payment$2,001.05$2,001.05$4,050.42
2nd payment$0.00$2,646.58$0.00
Taxes / mo$316.33$316.33$316.33
Insurance / mo$166.67$166.67$166.67
MI / mo$218.31$218.31$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,702.37$5,348.94$4,650.42
Cash to close$474,792$65,000$65,000