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$179,723$179,723$670,500
Remaining term (yrs)14.014.030.0
Secondary amount$0$490,777$0
Funding fee$0$0$0
Note rate4.350%4.350%7.400%
Blended rate5.200%7.066%7.640%
1st payment$1,418.04$1,418.04$4,642.41
2nd payment$0.00$3,169.60$0.00
Taxes / mo$620.83$620.83$620.83
Insurance / mo$216.67$216.67$216.67
MI / mo$201.77$201.77$134.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,457.31$5,626.92$5,614.01
Cash to close$565,277$74,500$74,500