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$177,410$177,410$711,000
Remaining term (yrs)38.938.930.0
Secondary amount$0$533,590$0
Funding fee$0$0$0
Note rate6.720%6.720%7.320%
Blended rate7.270%7.630%7.560%
1st payment$1,071.58$1,071.58$4,884.08
2nd payment$0.00$3,446.10$0.00
Taxes / mo$349.42$349.42$349.42
Insurance / mo$216.67$216.67$216.67
MI / mo$81.69$81.69$142.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,719.36$5,165.46$5,592.36
Cash to close$612,590$79,000$79,000