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$172,075$172,075$531,000
Remaining term (yrs)27.827.830.0
Secondary amount$0$358,925$0
Funding fee$0$0$0
Note rate6.890%6.890%7.400%
Blended rate7.440%7.650%7.640%
1st payment$1,158.14$1,158.14$3,676.54
2nd payment$0.00$2,318.06$0.00
Taxes / mo$173.00$173.00$173.00
Insurance / mo$166.67$166.67$166.67
MI / mo$80.68$80.68$106.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,578.48$3,896.54$4,122.40
Cash to close$417,925$59,000$59,000