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$192,500$192,500$697,500
Remaining term (yrs)13.913.930.0
Secondary amount$0$505,000$0
Funding fee$0$0$0
Note rate4.330%4.330%7.400%
Blended rate5.180%7.041%7.640%
1st payment$1,523.43$1,523.43$4,829.35
2nd payment$0.00$3,261.46$0.00
Taxes / mo$645.83$645.83$645.83
Insurance / mo$216.67$216.67$216.67
MI / mo$217.28$217.28$139.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,603.21$5,864.67$5,831.35
Cash to close$582,500$77,500$77,500