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$178,418$178,418$674,910
Remaining term (yrs)27.527.530.0
Secondary amount$0$496,492$0
Funding fee$0$0$0
Note rate6.790%6.790%7.400%
Blended rate7.340%7.642%7.640%
1st payment$1,192.78$1,192.78$4,672.94
2nd payment$0.00$3,206.51$0.00
Taxes / mo$690.50$690.50$690.50
Insurance / mo$216.67$216.67$216.67
MI / mo$83.94$83.94$134.98
HOA / mo$11.00$11.00$11.00
Total monthly$2,194.89$5,401.41$5,726.09
Cash to close$571,482$74,990$74,990