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$421,160$421,160$576,000
Remaining term (yrs)27.527.530.0
Secondary amount$0$154,840$0
Funding fee$0$0$0
Note rate6.740%6.740%7.320%
Blended rate7.290%7.481%7.560%
1st payment$2,801.90$2,801.90$3,956.72
2nd payment$0.00$1,032.27$0.00
Taxes / mo$533.33$533.33$533.33
Insurance / mo$166.67$166.67$166.67
MI / mo$198.20$198.20$115.20
HOA / mo$0.00$0.00$0.00
Total monthly$3,700.10$4,732.37$4,771.92
Cash to close$218,840$64,000$64,000