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$179,493$179,493$628,200
Remaining term (yrs)20.220.230.0
Secondary amount$0$448,707$0
Funding fee$0$0$0
Note rate3.940%3.940%7.320%
Blended rate4.790%6.904%7.560%
1st payment$1,070.37$1,070.37$4,315.30
2nd payment$0.00$2,897.90$0.00
Taxes / mo$487.83$487.83$487.83
Insurance / mo$166.67$166.67$166.67
MI / mo$159.97$159.97$125.64
HOA / mo$0.00$0.00$0.00
Total monthly$1,884.83$4,782.73$5,095.44
Cash to close$518,507$69,800$69,800