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$173,528$173,528$652,500
Remaining term (yrs)13.213.230.0
Secondary amount$0$478,972$0
Funding fee$0$0$0
Note rate5.120%5.120%7.400%
Blended rate5.970%7.277%7.640%
1st payment$1,498.77$1,498.77$4,517.78
2nd payment$0.00$3,093.36$0.00
Taxes / mo$492.50$492.50$492.50
Insurance / mo$216.67$216.67$216.67
MI / mo$195.09$195.09$130.50
HOA / mo$25.00$25.00$25.00
Total monthly$2,428.02$5,521.38$5,382.44
Cash to close$551,472$72,500$72,500