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$296,394$296,394$711,000
Remaining term (yrs)11.911.930.0
Secondary amount$0$414,606$0
Funding fee$0$0$0
Note rate6.750%6.750%7.400%
Blended rate7.600%7.687%7.640%
1st payment$3,008.70$3,008.70$4,922.82
2nd payment$0.00$2,677.66$0.00
Taxes / mo$658.33$658.33$658.33
Insurance / mo$216.67$216.67$216.67
MI / mo$328.58$328.58$142.20
HOA / mo$47.00$47.00$47.00
Total monthly$4,259.28$6,936.95$5,987.02
Cash to close$493,606$79,000$79,000