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$383,833$383,833$508,500
Remaining term (yrs)28.628.630.0
Secondary amount$0$124,667$0
Funding fee$0$0$0
Note rate6.620%6.620%7.400%
Blended rate7.170%7.373%7.640%
1st payment$2,490.76$2,490.76$3,520.75
2nd payment$0.00$831.11$0.00
Taxes / mo$561.58$561.58$561.58
Insurance / mo$166.67$166.67$166.67
MI / mo$178.38$178.38$101.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,397.39$4,228.50$4,350.70
Cash to close$181,167$56,500$56,500