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$194,440$194,440$864,000
Remaining term (yrs)15.715.730.0
Secondary amount$0$669,560$0
Funding fee$0$0$0
Note rate3.980%3.980%7.400%
Blended rate4.830%7.093%7.640%
1st payment$1,381.10$1,381.10$5,982.16
2nd payment$0.00$4,324.24$0.00
Taxes / mo$800.00$800.00$800.00
Insurance / mo$216.67$216.67$216.67
MI / mo$205.41$205.41$172.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,603.17$6,927.42$7,171.63
Cash to close$765,560$96,000$96,000