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$231,104$231,104$472,500
Remaining term (yrs)28.728.730.0
Secondary amount$0$241,396$0
Funding fee$0$0$0
Note rate6.760%6.760%7.320%
Blended rate7.310%7.535%7.560%
1st payment$1,519.44$1,519.44$3,245.75
2nd payment$0.00$1,559.01$0.00
Taxes / mo$403.33$403.33$403.33
Insurance / mo$166.67$166.67$166.67
MI / mo$107.26$107.26$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,196.70$3,755.71$3,910.25
Cash to close$293,896$52,500$52,500