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$179,133$179,133$472,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$293,367$0
Funding fee$0$0$0
Note rate6.780%6.780%7.320%
Blended rate7.330%7.591%7.560%
1st payment$1,191.56$1,191.56$3,245.75
2nd payment$0.00$1,894.66$0.00
Taxes / mo$387.24$387.24$387.24
Insurance / mo$166.67$166.67$166.67
MI / mo$83.94$83.94$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,829.42$3,724.08$3,894.16
Cash to close$345,867$52,500$52,500