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$435,780$435,780$638,999
Remaining term (yrs)27.427.430.0
Secondary amount$0$203,219$0
Funding fee$0$0$0
Note rate6.600%6.600%7.400%
Blended rate7.150%7.341%7.640%
1st payment$2,865.77$2,865.77$4,424.30
2nd payment$0.00$1,312.46$0.00
Taxes / mo$591.67$591.67$591.67
Insurance / mo$216.67$216.67$216.67
MI / mo$205.66$205.66$127.80
HOA / mo$0.00$0.00$0.00
Total monthly$3,879.77$5,192.22$5,360.43
Cash to close$274,219$71,000$71,000