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$381,047$381,047$607,500
Remaining term (yrs)28.728.730.0
Secondary amount$0$226,453$0
Funding fee$0$0$0
Note rate6.740%6.740%7.400%
Blended rate7.290%7.461%7.640%
1st payment$2,500.25$2,500.25$4,206.21
2nd payment$0.00$1,462.51$0.00
Taxes / mo$354.70$354.70$354.70
Insurance / mo$166.67$166.67$166.67
MI / mo$176.86$176.86$121.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,198.48$4,660.99$4,849.07
Cash to close$293,953$67,500$67,500