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$176,646$176,646$656,999
Remaining term (yrs)12.612.630.0
Secondary amount$0$480,353$0
Funding fee$0$0$0
Note rate5.100%5.100%7.400%
Blended rate5.950%7.266%7.640%
1st payment$1,572.69$1,572.69$4,548.93
2nd payment$0.00$3,102.28$0.00
Taxes / mo$608.33$608.33$608.33
Insurance / mo$216.67$216.67$216.67
MI / mo$205.17$205.17$131.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,602.86$5,705.14$5,505.33
Cash to close$553,353$73,000$73,000