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$227,105$227,105$719,999
Remaining term (yrs)18.918.930.0
Secondary amount$0$492,894$0
Funding fee$0$0$0
Note rate4.020%4.020%7.400%
Blended rate4.870%6.842%7.640%
1st payment$1,421.88$1,421.88$4,985.13
2nd payment$0.00$3,183.27$0.00
Taxes / mo$666.67$666.67$666.67
Insurance / mo$216.67$216.67$216.67
MI / mo$210.45$210.45$144.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,515.66$5,698.93$6,012.46
Cash to close$572,894$80,000$80,000