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$76,686$76,686$422,100
Remaining term (yrs)7.77.730.0
Secondary amount$0$345,414$0
Funding fee$0$0$0
Note rate6.340%6.340%7.320%
Blended rate7.190%7.648%7.560%
1st payment$1,037.19$1,037.19$2,899.53
2nd payment$0.00$2,230.80$0.00
Taxes / mo$121.83$121.83$121.83
Insurance / mo$166.67$166.67$166.67
MI / mo$118.19$118.19$84.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,443.89$3,674.69$3,272.45
Cash to close$392,314$46,900$46,900