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$199,254$199,254$935,910
Remaining term (yrs)29.529.530.0
Secondary amount$0$736,656$0
Funding fee$0$0$0
Note rate6.380%6.380%7.320%
Blended rate6.930%7.575%7.560%
1st payment$1,248.39$1,248.39$6,429.05
2nd payment$0.00$4,757.57$0.00
Taxes / mo$340.75$340.75$340.75
Insurance / mo$216.67$216.67$216.67
MI / mo$91.67$91.67$187.18
HOA / mo$821.00$821.00$821.00
Total monthly$2,718.48$7,476.05$7,994.65
Cash to close$840,646$103,990$103,990