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$184,869$184,869$544,500
Remaining term (yrs)11.511.530.0
Secondary amount$0$359,631$0
Funding fee$0$0$0
Note rate5.380%5.380%7.400%
Blended rate6.230%7.234%7.640%
1st payment$1,780.84$1,780.84$3,770.01
2nd payment$0.00$2,322.62$0.00
Taxes / mo$504.17$504.17$504.17
Insurance / mo$166.67$166.67$166.67
MI / mo$225.14$225.14$108.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,676.82$4,999.43$4,549.74
Cash to close$420,131$60,500$60,500