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$399,637$399,637$616,500
Remaining term (yrs)28.228.230.0
Secondary amount$0$216,863$0
Funding fee$0$0$0
Note rate6.440%6.440%7.400%
Blended rate6.990%7.257%7.640%
1st payment$2,559.51$2,559.51$4,268.52
2nd payment$0.00$1,400.58$0.00
Taxes / mo$570.83$570.83$570.83
Insurance / mo$166.67$166.67$166.67
MI / mo$186.76$186.76$123.30
HOA / mo$0.00$0.00$0.00
Total monthly$3,483.77$4,884.35$5,129.32
Cash to close$285,363$68,500$68,500