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$394,584$394,584$476,100
Remaining term (yrs)26.026.030.0
Secondary amount$0$81,516$0
Funding fee$0$0$0
Note rate6.700%6.700%7.320%
Blended rate7.550%7.798%7.560%
1st payment$2,667.41$2,667.41$3,270.48
2nd payment$0.00$611.37$0.00
Taxes / mo$344.33$344.33$344.33
Insurance / mo$166.67$166.67$166.67
MI / mo$292.81$292.81$95.22
HOA / mo$0.00$0.00$0.00
Total monthly$3,471.22$4,082.59$3,876.70
Cash to close$134,416$52,900$52,900