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$305,055$305,055$629,100
Remaining term (yrs)9.89.830.0
Secondary amount$0$324,045$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.570%7.663%7.640%
1st payment$3,518.73$3,518.73$4,355.76
2nd payment$0.00$2,092.79$0.00
Taxes / mo$582.50$582.50$582.50
Insurance / mo$166.67$166.67$166.67
MI / mo$385.46$385.46$125.82
HOA / mo$0.00$0.00$0.00
Total monthly$4,653.36$6,746.15$5,230.75
Cash to close$393,945$69,900$69,900