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$541,634$541,634$674,910
Remaining term (yrs)27.627.630.0
Secondary amount$0$133,276$0
Funding fee$0$0$0
Note rate7.090%7.090%7.400%
Blended rate7.640%7.711%7.640%
1st payment$3,723.80$3,723.80$4,672.94
2nd payment$0.00$888.51$0.00
Taxes / mo$177.17$177.17$177.17
Insurance / mo$216.67$216.67$216.67
MI / mo$254.22$254.22$134.98
HOA / mo$0.00$0.00$0.00
Total monthly$4,371.86$5,260.36$5,201.76
Cash to close$208,266$74,990$74,990