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$527,246$527,246$1,259,100
Remaining term (yrs)28.828.830.0
Secondary amount$0$731,854$0
Funding fee$0$0$0
Note rate6.770%6.770%7.400%
Blended rate7.320%7.570%7.640%
1st payment$3,466.70$3,466.70$8,717.75
2nd payment$0.00$4,726.56$0.00
Taxes / mo$437.67$437.67$437.67
Insurance / mo$216.67$216.67$216.67
MI / mo$244.47$244.47$251.82
HOA / mo$0.00$0.00$0.00
Total monthly$4,365.51$9,092.07$9,623.91
Cash to close$871,754$139,900$139,900