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$425,905$425,905$686,250
Remaining term (yrs)29.329.330.0
Secondary amount$0$260,345$0
Funding fee$0$0$0
Note rate6.110%6.110%7.320%
Blended rate6.660%7.074%7.560%
1st payment$2,601.74$2,601.74$4,714.06
2nd payment$0.00$1,681.40$0.00
Taxes / mo$297.67$297.67$297.67
Insurance / mo$216.67$216.67$216.67
MI / mo$196.57$196.57$137.25
HOA / mo$0.00$0.00$0.00
Total monthly$3,312.64$4,994.04$5,365.64
Cash to close$336,595$76,250$76,250