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$173,705$173,705$716,400
Remaining term (yrs)15.115.130.0
Secondary amount$0$542,695$0
Funding fee$0$0$0
Note rate4.000%4.000%7.400%
Blended rate4.850%7.047%7.640%
1st payment$1,269.50$1,269.50$4,960.21
2nd payment$0.00$3,504.90$0.00
Taxes / mo$663.33$663.33$663.33
Insurance / mo$216.67$216.67$216.67
MI / mo$188.35$188.35$143.28
HOA / mo$65.00$65.00$65.00
Total monthly$2,402.86$5,907.76$6,048.49
Cash to close$622,295$79,600$79,600