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$205,608$205,608$809,100
Remaining term (yrs)11.911.930.0
Secondary amount$0$603,492$0
Funding fee$0$0$0
Note rate6.520%6.520%7.320%
Blended rate7.370%7.653%7.560%
1st payment$2,052.80$2,052.80$5,557.96
2nd payment$0.00$3,897.55$0.00
Taxes / mo$749.17$749.17$749.17
Insurance / mo$216.67$216.67$216.67
MI / mo$229.57$229.57$161.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,248.21$7,145.76$6,685.61
Cash to close$693,392$89,900$89,900