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$243,144$243,144$620,910
Remaining term (yrs)13.913.930.0
Secondary amount$0$377,766$0
Funding fee$0$0$0
Note rate5.500%5.500%7.400%
Blended rate6.050%7.084%7.640%
1st payment$2,078.46$2,078.46$4,299.06
2nd payment$0.00$2,439.74$0.00
Taxes / mo$127.07$127.07$127.07
Insurance / mo$166.67$166.67$166.67
MI / mo$116.59$116.59$124.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,488.78$4,928.52$4,716.97
Cash to close$446,756$68,990$68,990