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$428,792$428,792$639,000
Remaining term (yrs)27.127.130.0
Secondary amount$0$210,208$0
Funding fee$0$0$0
Note rate7.230%7.230%7.400%
Blended rate7.780%7.770%7.640%
1st payment$3,004.94$3,004.94$4,424.31
2nd payment$0.00$1,357.59$0.00
Taxes / mo$591.67$591.67$591.67
Insurance / mo$216.67$216.67$216.67
MI / mo$202.30$202.30$127.80
HOA / mo$0.00$0.00$0.00
Total monthly$4,015.57$5,373.16$5,360.44
Cash to close$281,208$71,000$71,000