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$176,583$176,583$587,700
Remaining term (yrs)16.216.230.0
Secondary amount$0$411,117$0
Funding fee$0$0$0
Note rate3.320%3.320%7.320%
Blended rate4.170%6.674%7.560%
1st payment$1,168.39$1,168.39$4,037.09
2nd payment$0.00$2,655.13$0.00
Taxes / mo$544.17$544.17$544.17
Insurance / mo$166.67$166.67$166.67
MI / mo$188.50$188.50$117.54
HOA / mo$504.00$504.00$504.00
Total monthly$2,571.72$5,226.85$5,369.46
Cash to close$476,417$65,300$65,300