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$286,652$286,652$764,100
Remaining term (yrs)22.622.630.0
Secondary amount$0$477,448$0
Funding fee$0$0$0
Note rate4.200%4.200%7.240%
Blended rate5.050%6.737%7.480%
1st payment$1,632.05$1,632.05$5,207.33
2nd payment$0.00$3,083.52$0.00
Taxes / mo$707.50$707.50$707.50
Insurance / mo$216.67$216.67$216.67
MI / mo$236.40$236.40$152.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,792.61$5,876.13$6,284.31
Cash to close$562,348$84,900$84,900