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$188,755$188,755$791,100
Remaining term (yrs)13.013.030.0
Secondary amount$0$602,345$0
Funding fee$0$0$0
Note rate5.290%5.290%7.320%
Blended rate6.140%7.366%7.560%
1st payment$1,661.14$1,661.14$5,434.31
2nd payment$0.00$3,890.14$0.00
Taxes / mo$732.50$732.50$732.50
Insurance / mo$216.67$216.67$216.67
MI / mo$212.13$212.13$158.22
HOA / mo$45.83$45.83$45.83
Total monthly$2,868.26$6,758.41$6,587.52
Cash to close$690,245$87,900$87,900