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$185,276$185,276$855,000
Remaining term (yrs)14.014.030.0
Secondary amount$0$669,724$0
Funding fee$0$0$0
Note rate4.750%4.750%7.320%
Blended rate5.600%7.284%7.560%
1st payment$1,499.44$1,499.44$5,873.26
2nd payment$0.00$4,325.30$0.00
Taxes / mo$302.25$302.25$302.25
Insurance / mo$216.67$216.67$216.67
MI / mo$203.61$203.61$171.00
HOA / mo$62.00$62.00$62.00
Total monthly$2,283.97$6,609.27$6,625.17
Cash to close$764,724$95,000$95,000