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$227,309$227,309$539,910
Remaining term (yrs)27.327.330.0
Secondary amount$0$312,601$0
Funding fee$0$0$0
Note rate6.820%6.820%7.320%
Blended rate7.370%7.590%7.560%
1st payment$1,528.79$1,528.79$3,708.81
2nd payment$0.00$2,018.88$0.00
Taxes / mo$499.92$499.92$499.92
Insurance / mo$166.67$166.67$166.67
MI / mo$107.26$107.26$107.98
HOA / mo$135.00$135.00$135.00
Total monthly$2,437.63$4,456.52$4,618.37
Cash to close$372,591$59,990$59,990