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$179,636$179,636$585,000
Remaining term (yrs)14.814.830.0
Secondary amount$0$405,364$0
Funding fee$0$0$0
Note rate4.490%4.490%7.320%
Blended rate5.340%7.010%7.560%
1st payment$1,378.66$1,378.66$4,018.54
2nd payment$0.00$2,617.98$0.00
Taxes / mo$276.42$276.42$276.42
Insurance / mo$166.67$166.67$166.67
MI / mo$192.96$192.96$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,014.71$4,632.69$4,578.63
Cash to close$470,364$65,000$65,000