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$221,822$221,822$778,500
Remaining term (yrs)27.127.130.0
Secondary amount$0$556,678$0
Funding fee$0$0$0
Note rate7.570%7.570%7.400%
Blended rate8.120%7.855%7.640%
1st payment$1,604.59$1,604.59$5,390.18
2nd payment$0.00$3,595.21$0.00
Taxes / mo$127.58$127.58$127.58
Insurance / mo$216.67$216.67$216.67
MI / mo$104.46$104.46$155.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,053.30$5,648.51$5,890.13
Cash to close$643,178$86,500$86,500