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$192,556$192,556$575,100
Remaining term (yrs)13.813.830.0
Secondary amount$0$382,544$0
Funding fee$0$0$0
Note rate4.750%4.750%7.400%
Blended rate5.600%7.030%7.640%
1st payment$1,578.01$1,578.01$3,981.88
2nd payment$0.00$2,470.60$0.00
Taxes / mo$246.58$246.58$246.58
Insurance / mo$166.67$166.67$166.67
MI / mo$214.28$214.28$115.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,205.54$4,676.14$4,510.15
Cash to close$446,444$63,900$63,900