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$434,822$434,822$575,999
Remaining term (yrs)28.028.030.0
Secondary amount$0$141,177$0
Funding fee$0$0$0
Note rate6.080%6.080%7.400%
Blended rate6.630%6.966%7.640%
1st payment$2,690.61$2,690.61$3,988.10
2nd payment$0.00$941.18$0.00
Taxes / mo$455.58$455.58$455.58
Insurance / mo$166.67$166.67$166.67
MI / mo$203.93$203.93$115.20
HOA / mo$0.00$0.00$0.00
Total monthly$3,516.79$4,457.97$4,725.55
Cash to close$205,177$64,000$64,000