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$432,309$432,309$539,910
Remaining term (yrs)28.928.930.0
Secondary amount$0$107,601$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.415%7.640%
1st payment$2,825.62$2,825.62$3,738.23
2nd payment$0.00$717.34$0.00
Taxes / mo$226.00$226.00$226.00
Insurance / mo$166.67$166.67$166.67
MI / mo$200.29$200.29$107.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,418.57$4,135.91$4,238.88
Cash to close$167,591$59,990$59,990