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$434,781$434,781$810,000
Remaining term (yrs)28.528.530.0
Secondary amount$0$375,219$0
Funding fee$0$0$0
Note rate6.850%6.850%7.320%
Blended rate7.400%7.562%7.560%
1st payment$2,889.69$2,889.69$5,564.14
2nd payment$0.00$2,423.29$0.00
Taxes / mo$500.53$500.53$500.53
Insurance / mo$216.67$216.67$216.67
MI / mo$202.13$202.13$162.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,809.02$6,232.31$6,443.34
Cash to close$465,219$90,000$90,000