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$440,632$440,632$575,910
Remaining term (yrs)26.826.830.0
Secondary amount$0$135,278$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.510%7.640%
1st payment$2,979.58$2,979.58$3,987.48
2nd payment$0.00$901.86$0.00
Taxes / mo$533.25$533.25$533.25
Insurance / mo$166.67$166.67$166.67
MI / mo$209.26$209.26$115.18
HOA / mo$0.00$0.00$0.00
Total monthly$3,888.76$4,790.62$4,802.58
Cash to close$199,268$63,990$63,990