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$241,858$241,858$827,100
Remaining term (yrs)13.013.030.0
Secondary amount$0$585,242$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%7.194%7.640%
1st payment$2,092.58$2,092.58$5,726.67
2nd payment$0.00$3,779.69$0.00
Taxes / mo$765.83$765.83$765.83
Insurance / mo$216.67$216.67$216.67
MI / mo$276.11$276.11$165.42
HOA / mo$0.00$0.00$0.00
Total monthly$3,351.19$7,130.88$6,874.59
Cash to close$677,142$91,900$91,900