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$422,384$422,384$513,000
Remaining term (yrs)27.827.830.0
Secondary amount$0$90,616$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.765%7.640%
1st payment$2,859.44$2,859.44$3,551.91
2nd payment$0.00$679.62$0.00
Taxes / mo$447.17$447.17$447.17
Insurance / mo$166.67$166.67$166.67
MI / mo$197.99$197.99$102.60
HOA / mo$0.00$0.00$0.00
Total monthly$3,671.26$4,350.88$4,268.34
Cash to close$147,616$57,000$57,000