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$204,589$204,589$791,991
Remaining term (yrs)20.820.830.0
Secondary amount$0$587,402$0
Funding fee$0$0$0
Note rate4.250%4.250%7.320%
Blended rate5.100%7.065%7.560%
1st payment$1,231.72$1,231.72$5,440.43
2nd payment$0.00$3,793.64$0.00
Taxes / mo$413.25$413.25$413.25
Insurance / mo$216.67$216.67$216.67
MI / mo$177.35$177.35$158.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,038.99$5,832.63$6,228.74
Cash to close$675,401$87,999$87,999