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$175,492$175,492$629,999
Remaining term (yrs)8.18.130.0
Secondary amount$0$454,507$0
Funding fee$0$0$0
Note rate4.030%4.030%7.400%
Blended rate4.880%6.951%7.640%
1st payment$2,086.58$2,086.58$4,361.99
2nd payment$0.00$2,935.36$0.00
Taxes / mo$583.33$583.33$583.33
Insurance / mo$166.67$166.67$166.67
MI / mo$308.46$308.46$126.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,145.04$6,080.40$5,237.99
Cash to close$524,507$70,000$70,000