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$431,414$431,414$1,310,400
Remaining term (yrs)28.928.930.0
Secondary amount$0$878,986$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.470%7.640%
1st payment$2,712.94$2,712.94$9,072.94
2nd payment$0.00$5,676.78$0.00
Taxes / mo$1,213.33$1,213.33$1,213.33
Insurance / mo$216.67$216.67$216.67
MI / mo$199.83$199.83$262.08
HOA / mo$0.00$0.00$0.00
Total monthly$4,342.77$10,019.55$10,765.02
Cash to close$1,024,586$145,600$145,600