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$194,201$194,201$719,999
Remaining term (yrs)15.315.330.0
Secondary amount$0$525,799$0
Funding fee$0$0$0
Note rate4.120%4.120%7.400%
Blended rate4.970%7.000%7.640%
1st payment$1,419.91$1,419.91$4,985.13
2nd payment$0.00$3,395.78$0.00
Taxes / mo$666.67$666.67$666.67
Insurance / mo$216.67$216.67$216.67
MI / mo$207.65$207.65$144.00
HOA / mo$99.00$99.00$99.00
Total monthly$2,609.89$6,005.67$6,111.46
Cash to close$605,798$80,000$80,000