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$401,134$401,134$513,000
Remaining term (yrs)27.727.730.0
Secondary amount$0$111,866$0
Funding fee$0$0$0
Note rate6.990%6.990%7.400%
Blended rate7.540%7.640%7.640%
1st payment$2,728.78$2,728.78$3,551.91
2nd payment$0.00$745.77$0.00
Taxes / mo$314.75$314.75$314.75
Insurance / mo$166.67$166.67$166.67
MI / mo$188.18$188.18$102.60
HOA / mo$0.00$0.00$0.00
Total monthly$3,398.38$4,144.15$4,135.93
Cash to close$168,866$57,000$57,000