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$288,823$288,823$742,500
Remaining term (yrs)27.327.330.0
Secondary amount$0$453,677$0
Funding fee$0$0$0
Note rate6.660%6.660%7.400%
Blended rate7.210%7.540%7.640%
1st payment$1,912.57$1,912.57$5,140.92
2nd payment$0.00$2,930.00$0.00
Taxes / mo$687.50$687.50$687.50
Insurance / mo$216.67$216.67$216.67
MI / mo$136.41$136.41$148.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,953.15$5,883.15$6,193.59
Cash to close$536,177$82,500$82,500