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$504,801$504,801$675,000
Remaining term (yrs)28.128.130.0
Secondary amount$0$170,199$0
Funding fee$0$0$0
Note rate6.810%6.810%7.320%
Blended rate7.360%7.521%7.560%
1st payment$3,357.82$3,357.82$4,636.78
2nd payment$0.00$1,134.66$0.00
Taxes / mo$276.50$276.50$276.50
Insurance / mo$216.67$216.67$216.67
MI / mo$235.83$235.83$135.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,086.81$5,221.48$5,264.95
Cash to close$245,199$75,000$75,000