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$195,390$195,390$674,100
Remaining term (yrs)14.914.930.0
Secondary amount$0$478,710$0
Funding fee$0$0$0
Note rate4.600%4.600%7.320%
Blended rate5.450%7.083%7.560%
1st payment$1,498.95$1,498.95$4,630.60
2nd payment$0.00$3,091.67$0.00
Taxes / mo$624.17$624.17$624.17
Insurance / mo$216.67$216.67$216.67
MI / mo$207.11$207.11$134.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,546.89$5,638.56$5,606.25
Cash to close$553,610$74,900$74,900