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$204,603$204,603$598,500
Remaining term (yrs)13.613.630.0
Secondary amount$0$393,897$0
Funding fee$0$0$0
Note rate5.250%5.250%7.400%
Blended rate6.100%7.186%7.640%
1st payment$1,743.57$1,743.57$4,143.89
2nd payment$0.00$2,543.92$0.00
Taxes / mo$554.17$554.17$554.17
Insurance / mo$166.67$166.67$166.67
MI / mo$223.65$223.65$119.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,688.06$5,231.98$4,984.43
Cash to close$460,397$66,500$66,500