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$295,847$295,847$665,100
Remaining term (yrs)9.59.530.0
Secondary amount$0$369,253$0
Funding fee$0$0$0
Note rate6.510%6.510%7.400%
Blended rate7.360%7.577%7.640%
1st payment$3,443.20$3,443.20$4,605.02
2nd payment$0.00$2,384.76$0.00
Taxes / mo$615.83$615.83$615.83
Insurance / mo$216.67$216.67$216.67
MI / mo$385.46$385.46$133.02
HOA / mo$0.00$0.00$0.00
Total monthly$4,661.16$7,045.92$5,570.54
Cash to close$443,153$73,900$73,900