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$165,939$165,939$575,100
Remaining term (yrs)28.828.830.0
Secondary amount$0$409,161$0
Funding fee$0$0$0
Note rate6.740%6.740%7.400%
Blended rate7.290%7.617%7.640%
1st payment$1,087.80$1,087.80$3,981.88
2nd payment$0.00$2,642.50$0.00
Taxes / mo$769.50$769.50$769.50
Insurance / mo$166.67$166.67$166.67
MI / mo$76.95$76.95$115.02
HOA / mo$125.00$125.00$125.00
Total monthly$2,225.91$4,868.41$5,158.06
Cash to close$473,061$63,900$63,900