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$409,723$409,723$486,000
Remaining term (yrs)26.126.130.0
Secondary amount$0$76,277$0
Funding fee$0$0$0
Note rate6.900%6.900%7.400%
Blended rate7.750%7.946%7.640%
1st payment$2,819.08$2,819.08$3,364.97
2nd payment$0.00$572.08$0.00
Taxes / mo$521.83$521.83$521.83
Insurance / mo$166.67$166.67$166.67
MI / mo$303.20$303.20$97.20
HOA / mo$0.00$0.00$0.00
Total monthly$3,810.77$4,382.86$4,150.67
Cash to close$130,277$54,000$54,000