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$394,360$394,360$503,100
Remaining term (yrs)28.628.630.0
Secondary amount$0$108,740$0
Funding fee$0$0$0
Note rate6.850%6.850%7.400%
Blended rate7.400%7.530%7.640%
1st payment$2,618.60$2,618.60$3,483.36
2nd payment$0.00$724.93$0.00
Taxes / mo$465.83$465.83$465.83
Insurance / mo$166.67$166.67$166.67
MI / mo$183.16$183.16$100.62
HOA / mo$0.00$0.00$0.00
Total monthly$3,434.26$4,159.20$4,216.48
Cash to close$164,640$55,900$55,900