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$407,518$407,518$765,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$357,482$0
Funding fee$0$0$0
Note rate6.600%6.600%7.400%
Blended rate7.150%7.430%7.640%
1st payment$2,709.81$2,709.81$5,296.71
2nd payment$0.00$2,308.74$0.00
Taxes / mo$337.00$337.00$337.00
Insurance / mo$216.67$216.67$216.67
MI / mo$194.47$194.47$153.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,457.95$5,766.69$6,003.37
Cash to close$442,482$85,000$85,000