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$180,400$180,400$877,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$697,100$0
Funding fee$0$0$0
Note rate5.250%5.250%7.320%
Blended rate6.100%7.411%7.560%
1st payment$1,061.02$1,061.02$6,027.82
2nd payment$0.00$4,502.11$0.00
Taxes / mo$812.50$812.50$812.50
Insurance / mo$216.67$216.67$216.67
MI / mo$136.10$136.10$175.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,226.29$6,728.39$7,232.48
Cash to close$794,600$97,500$97,500