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$241,158$241,158$594,000
Remaining term (yrs)28.728.730.0
Secondary amount$0$352,842$0
Funding fee$0$0$0
Note rate6.770%6.770%7.400%
Blended rate7.320%7.575%7.640%
1st payment$1,587.12$1,587.12$4,112.74
2nd payment$0.00$2,278.77$0.00
Taxes / mo$170.42$170.42$170.42
Insurance / mo$166.67$166.67$166.67
MI / mo$111.93$111.93$118.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,036.13$4,314.90$4,568.62
Cash to close$418,842$66,000$66,000