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$376,344$376,344$629,910
Remaining term (yrs)26.326.330.0
Secondary amount$0$253,566$0
Funding fee$0$0$0
Note rate6.420%6.420%7.400%
Blended rate7.270%7.463%7.640%
1st payment$2,468.23$2,468.23$4,361.37
2nd payment$0.00$1,637.61$0.00
Taxes / mo$279.75$279.75$279.75
Insurance / mo$166.67$166.67$166.67
MI / mo$278.92$278.92$125.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,193.56$4,831.18$4,933.77
Cash to close$323,556$69,990$69,990