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$191,765$191,765$517,500
Remaining term (yrs)12.912.930.0
Secondary amount$0$325,735$0
Funding fee$0$0$0
Note rate6.470%6.470%7.400%
Blended rate7.020%7.479%7.640%
1st payment$1,813.58$1,813.58$3,583.07
2nd payment$0.00$2,103.71$0.00
Taxes / mo$107.25$107.25$107.25
Insurance / mo$166.67$166.67$166.67
MI / mo$95.60$95.60$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,183.10$4,286.80$3,960.48
Cash to close$383,235$57,500$57,500