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$285,097$285,097$522,000
Remaining term (yrs)27.127.130.0
Secondary amount$0$236,903$0
Funding fee$0$0$0
Note rate7.500%7.500%7.400%
Blended rate8.050%7.914%7.640%
1st payment$2,048.98$2,048.98$3,614.22
2nd payment$0.00$1,530.00$0.00
Taxes / mo$259.42$259.42$259.42
Insurance / mo$166.67$166.67$166.67
MI / mo$134.31$134.31$104.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,609.37$4,139.37$4,144.71
Cash to close$294,903$58,000$58,000