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$231,834$231,834$742,410
Remaining term (yrs)14.314.330.0
Secondary amount$0$510,576$0
Funding fee$0$0$0
Note rate4.860%4.860%7.400%
Blended rate5.710%7.113%7.640%
1st payment$1,866.53$1,866.53$5,140.30
2nd payment$0.00$3,297.47$0.00
Taxes / mo$384.42$384.42$384.42
Insurance / mo$216.67$216.67$216.67
MI / mo$250.26$250.26$148.48
HOA / mo$58.00$58.00$58.00
Total monthly$2,775.87$6,073.34$5,947.86
Cash to close$593,066$82,490$82,490