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$393,441$393,441$494,100
Remaining term (yrs)27.727.730.0
Secondary amount$0$100,659$0
Funding fee$0$0$0
Note rate7.060%7.060%7.400%
Blended rate7.610%7.689%7.640%
1st payment$2,694.57$2,694.57$3,421.05
2nd payment$0.00$671.06$0.00
Taxes / mo$227.04$227.04$227.04
Insurance / mo$166.67$166.67$166.67
MI / mo$184.51$184.51$98.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,272.79$3,943.86$3,913.58
Cash to close$155,559$54,900$54,900