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$179,804$179,804$890,100
Remaining term (yrs)12.812.830.0
Secondary amount$0$710,296$0
Funding fee$0$0$0
Note rate5.380%5.380%7.320%
Blended rate6.230%7.443%7.560%
1st payment$1,611.89$1,611.89$6,114.37
2nd payment$0.00$4,587.33$0.00
Taxes / mo$367.58$367.58$367.58
Insurance / mo$216.67$216.67$216.67
MI / mo$203.78$203.78$178.02
HOA / mo$4.17$4.17$4.17
Total monthly$2,404.10$6,991.43$6,880.81
Cash to close$809,196$98,900$98,900