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$315,261$315,261$1,100,700
Remaining term (yrs)38.938.930.0
Secondary amount$0$785,439$0
Funding fee$0$0$0
Note rate6.850%6.850%7.320%
Blended rate7.400%7.650%7.560%
1st payment$1,934.40$1,934.40$7,561.05
2nd payment$0.00$5,072.63$0.00
Taxes / mo$1,019.17$1,019.17$1,019.17
Insurance / mo$216.67$216.67$216.67
MI / mo$145.21$145.21$220.14
HOA / mo$0.00$0.00$0.00
Total monthly$3,315.44$8,388.06$9,017.02
Cash to close$907,739$122,300$122,300