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$211,682$211,682$675,000
Remaining term (yrs)22.722.730.0
Secondary amount$0$463,318$0
Funding fee$0$0$0
Note rate4.100%4.100%7.320%
Blended rate4.950%6.872%7.560%
1st payment$1,191.03$1,191.03$4,636.78
2nd payment$0.00$2,992.26$0.00
Taxes / mo$436.58$436.58$436.58
Insurance / mo$216.67$216.67$216.67
MI / mo$174.60$174.60$135.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,018.88$5,011.14$5,425.03
Cash to close$538,318$75,000$75,000