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$495,717$495,717$1,260,000
Remaining term (yrs)27.227.230.0
Secondary amount$0$764,283$0
Funding fee$0$0$0
Note rate7.620%7.620%7.400%
Blended rate8.170%7.915%7.640%
1st payment$3,599.15$3,599.15$8,723.99
2nd payment$0.00$4,935.99$0.00
Taxes / mo$1,166.67$1,166.67$1,166.67
Insurance / mo$216.67$216.67$216.67
MI / mo$233.18$233.18$252.00
HOA / mo$0.00$0.00$0.00
Total monthly$5,215.66$10,151.66$10,359.32
Cash to close$904,283$140,000$140,000