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$197,675$197,675$1,214,100
Remaining term (yrs)27.427.430.0
Secondary amount$0$1,016,425$0
Funding fee$0$0$0
Note rate6.640%6.640%7.400%
Blended rate7.190%7.659%7.640%
1st payment$1,305.05$1,305.05$8,406.18
2nd payment$0.00$6,564.41$0.00
Taxes / mo$477.17$477.17$477.17
Insurance / mo$216.67$216.67$216.67
MI / mo$93.27$93.27$242.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,092.16$8,656.56$9,342.84
Cash to close$1,151,325$134,900$134,900