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$236,260$236,260$1,034,910
Remaining term (yrs)13.413.430.0
Secondary amount$0$798,650$0
Funding fee$0$0$0
Note rate5.000%5.000%7.320%
Blended rate5.850%7.316%7.560%
1st payment$1,999.85$1,999.85$7,109.11
2nd payment$0.00$5,157.95$0.00
Taxes / mo$958.25$958.25$958.25
Insurance / mo$216.67$216.67$216.67
MI / mo$263.88$263.88$206.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,438.64$8,596.59$8,491.01
Cash to close$913,640$114,990$114,990