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$383,256$383,256$583,200
Remaining term (yrs)27.627.630.0
Secondary amount$0$199,944$0
Funding fee$0$0$0
Note rate6.990%6.990%7.320%
Blended rate7.540%7.698%7.560%
1st payment$2,609.71$2,609.71$4,006.18
2nd payment$0.00$1,332.96$0.00
Taxes / mo$725.67$725.67$725.67
Insurance / mo$166.67$166.67$166.67
MI / mo$179.97$179.97$116.64
HOA / mo$0.00$0.00$0.00
Total monthly$3,682.01$5,014.97$5,015.15
Cash to close$264,744$64,800$64,800