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$502,258$502,258$809,100
Remaining term (yrs)27.827.830.0
Secondary amount$0$306,842$0
Funding fee$0$0$0
Note rate6.870%6.870%7.400%
Blended rate7.420%7.545%7.640%
1st payment$3,373.83$3,373.83$5,602.04
2nd payment$0.00$1,981.68$0.00
Taxes / mo$749.17$749.17$749.17
Insurance / mo$216.67$216.67$216.67
MI / mo$235.51$235.51$161.82
HOA / mo$0.00$0.00$0.00
Total monthly$4,575.17$6,556.85$6,729.70
Cash to close$396,742$89,900$89,900