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$385,346$385,346$499,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$114,154$0
Funding fee$0$0$0
Note rate6.810%6.810%7.320%
Blended rate7.360%7.506%7.560%
1st payment$2,602.93$2,602.93$3,431.22
2nd payment$0.00$761.02$0.00
Taxes / mo$659.49$659.49$659.49
Insurance / mo$166.67$166.67$166.67
MI / mo$182.81$182.81$99.90
HOA / mo$25.33$25.33$25.33
Total monthly$3,637.22$4,398.24$4,382.60
Cash to close$169,654$55,500$55,500