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$176,673$176,673$711,000
Remaining term (yrs)13.913.930.0
Secondary amount$0$534,327$0
Funding fee$0$0$0
Note rate4.560%4.560%7.400%
Blended rate5.410%7.169%7.640%
1st payment$1,418.68$1,418.68$4,922.82
2nd payment$0.00$3,450.86$0.00
Taxes / mo$658.33$658.33$658.33
Insurance / mo$216.67$216.67$216.67
MI / mo$196.94$196.94$142.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,490.62$5,941.49$5,940.02
Cash to close$613,327$79,000$79,000