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$173,299$173,299$585,000
Remaining term (yrs)15.415.430.0
Secondary amount$0$411,701$0
Funding fee$0$0$0
Note rate3.970%3.970%7.400%
Blended rate4.820%6.882%7.640%
1st payment$1,244.26$1,244.26$4,050.42
2nd payment$0.00$2,658.90$0.00
Taxes / mo$301.92$301.92$301.92
Insurance / mo$166.67$166.67$166.67
MI / mo$185.28$185.28$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,898.12$4,557.02$4,636.01
Cash to close$476,701$65,000$65,000