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$256,101$256,101$719,100
Remaining term (yrs)22.022.030.0
Secondary amount$0$462,999$0
Funding fee$0$0$0
Note rate4.630%4.630%7.320%
Blended rate5.480%6.942%7.560%
1st payment$1,541.61$1,541.61$4,939.72
2nd payment$0.00$2,990.20$0.00
Taxes / mo$1,674.92$1,674.92$1,674.92
Insurance / mo$216.67$216.67$216.67
MI / mo$212.27$212.27$143.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,645.46$6,635.66$6,975.12
Cash to close$542,899$79,900$79,900