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$486,276$486,276$697,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$211,224$0
Funding fee$0$0$0
Note rate6.340%6.340%7.320%
Blended rate6.890%7.150%7.560%
1st payment$3,054.78$3,054.78$4,791.34
2nd payment$0.00$1,364.16$0.00
Taxes / mo$136.75$136.75$136.75
Insurance / mo$216.67$216.67$216.67
MI / mo$225.25$225.25$139.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,633.45$4,997.60$5,284.26
Cash to close$288,724$77,500$77,500