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$207,861$207,861$674,910
Remaining term (yrs)37.437.430.0
Secondary amount$0$467,049$0
Funding fee$0$0$0
Note rate6.660%6.660%7.400%
Blended rate7.210%7.584%7.640%
1st payment$1,257.86$1,257.86$4,672.94
2nd payment$0.00$3,016.36$0.00
Taxes / mo$624.92$624.92$624.92
Insurance / mo$216.67$216.67$216.67
MI / mo$96.59$96.59$134.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,196.02$5,212.38$5,649.51
Cash to close$542,039$74,990$74,990