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$227,712$227,712$629,100
Remaining term (yrs)16.916.930.0
Secondary amount$0$401,388$0
Funding fee$0$0$0
Note rate5.700%5.700%7.400%
Blended rate6.550%7.316%7.640%
1st payment$1,740.46$1,740.46$4,355.76
2nd payment$0.00$2,592.30$0.00
Taxes / mo$376.42$376.42$376.42
Insurance / mo$166.67$166.67$166.67
MI / mo$212.41$212.41$125.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,495.95$5,088.25$5,024.66
Cash to close$471,288$69,900$69,900