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$216,005$216,005$566,010
Remaining term (yrs)14.414.430.0
Secondary amount$0$350,005$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%7.025%7.640%
1st payment$1,747.80$1,747.80$3,918.94
2nd payment$0.00$2,260.45$0.00
Taxes / mo$524.08$524.08$524.08
Insurance / mo$166.67$166.67$166.67
MI / mo$230.62$230.62$113.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,669.17$4,929.62$4,722.89
Cash to close$412,895$62,890$62,890