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$407,338$407,338$796,500
Remaining term (yrs)26.526.530.0
Secondary amount$0$389,162$0
Funding fee$0$0$0
Note rate6.540%6.540%7.400%
Blended rate7.090%7.412%7.640%
1st payment$2,693.02$2,693.02$5,514.81
2nd payment$0.00$2,513.34$0.00
Taxes / mo$337.02$337.02$337.02
Insurance / mo$216.67$216.67$216.67
MI / mo$194.47$194.47$159.30
HOA / mo$0.00$0.00$0.00
Total monthly$3,441.17$5,954.51$6,227.79
Cash to close$477,662$88,500$88,500