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$289,880$289,880$764,100
Remaining term (yrs)14.914.930.0
Secondary amount$0$474,220$0
Funding fee$0$0$0
Note rate7.370%7.370%7.320%
Blended rate8.220%7.928%7.560%
1st payment$2,657.79$2,657.79$5,248.84
2nd payment$0.00$3,062.67$0.00
Taxes / mo$416.67$416.67$416.67
Insurance / mo$216.67$216.67$216.67
MI / mo$272.71$272.71$152.82
HOA / mo$1,143.00$1,143.00$1,143.00
Total monthly$4,706.83$7,769.50$7,177.99
Cash to close$559,120$84,900$84,900