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$312,664$312,664$675,000
Remaining term (yrs)29.429.430.0
Secondary amount$0$362,336$0
Funding fee$0$0$0
Note rate6.160%6.160%7.400%
Blended rate6.710%7.268%7.640%
1st payment$1,918.11$1,918.11$4,673.56
2nd payment$0.00$2,340.09$0.00
Taxes / mo$625.00$625.00$625.00
Insurance / mo$216.67$216.67$216.67
MI / mo$144.15$144.15$135.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,903.93$5,244.02$5,650.23
Cash to close$437,336$75,000$75,000