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$248,776$248,776$889,999
Remaining term (yrs)12.412.430.0
Secondary amount$0$641,223$0
Funding fee$0$0$0
Note rate4.880%4.880%7.400%
Blended rate5.730%7.185%7.640%
1st payment$2,208.06$2,208.06$6,162.17
2nd payment$0.00$4,141.23$0.00
Taxes / mo$824.07$824.07$824.07
Insurance / mo$216.67$216.67$216.67
MI / mo$295.38$295.38$178.00
HOA / mo$310.00$310.00$310.00
Total monthly$3,854.18$7,995.41$7,690.91
Cash to close$740,112$98,889$98,889