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$184,491$184,491$630,000
Remaining term (yrs)13.913.930.0
Secondary amount$0$445,509$0
Funding fee$0$0$0
Note rate4.570%4.570%7.320%
Blended rate5.420%7.068%7.560%
1st payment$1,488.69$1,488.69$4,327.66
2nd payment$0.00$2,877.25$0.00
Taxes / mo$408.25$408.25$408.25
Insurance / mo$166.67$166.67$166.67
MI / mo$206.42$206.42$126.00
HOA / mo$36.50$36.50$36.50
Total monthly$2,306.52$5,183.77$5,065.08
Cash to close$515,509$70,000$70,000