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$372,779$372,779$585,000
Remaining term (yrs)28.428.430.0
Secondary amount$0$212,221$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.501%7.640%
1st payment$2,470.12$2,470.12$4,050.42
2nd payment$0.00$1,370.59$0.00
Taxes / mo$104.26$104.26$104.26
Insurance / mo$166.67$166.67$166.67
MI / mo$173.48$173.48$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,914.54$4,285.13$4,438.35
Cash to close$277,221$65,000$65,000