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$345,948$345,948$943,200
Remaining term (yrs)27.327.330.0
Secondary amount$0$597,252$0
Funding fee$0$0$0
Note rate7.440%7.440%7.320%
Blended rate7.990%7.838%7.560%
1st payment$2,467.87$2,467.87$6,479.13
2nd payment$0.00$3,857.25$0.00
Taxes / mo$873.33$873.33$873.33
Insurance / mo$216.67$216.67$216.67
MI / mo$162.72$162.72$188.64
HOA / mo$0.00$0.00$0.00
Total monthly$3,720.59$7,577.84$7,757.77
Cash to close$702,052$104,800$104,800