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$223,401$223,401$652,500
Remaining term (yrs)14.414.430.0
Secondary amount$0$429,099$0
Funding fee$0$0$0
Note rate4.950%4.950%7.400%
Blended rate5.800%7.082%7.640%
1st payment$1,794.82$1,794.82$4,517.78
2nd payment$0.00$2,771.26$0.00
Taxes / mo$291.17$291.17$291.17
Insurance / mo$216.67$216.67$216.67
MI / mo$238.18$238.18$130.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,540.84$5,312.10$5,156.11
Cash to close$501,599$72,500$72,500