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$288,410$288,410$1,098,000
Remaining term (yrs)37.037.030.0
Secondary amount$0$809,590$0
Funding fee$0$0$0
Note rate7.120%7.120%7.320%
Blended rate7.670%7.729%7.560%
1st payment$1,842.95$1,842.95$7,542.50
2nd payment$0.00$5,228.60$0.00
Taxes / mo$1,016.67$1,016.67$1,016.67
Insurance / mo$216.67$216.67$216.67
MI / mo$134.04$134.04$219.60
HOA / mo$220.00$220.00$220.00
Total monthly$3,430.33$8,658.93$9,215.43
Cash to close$931,590$122,000$122,000