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$485,262$485,262$702,000
Remaining term (yrs)28.028.030.0
Secondary amount$0$216,738$0
Funding fee$0$0$0
Note rate6.090%6.090%7.400%
Blended rate6.640%6.983%7.640%
1st payment$3,005.80$3,005.80$4,860.51
2nd payment$0.00$1,399.77$0.00
Taxes / mo$428.00$428.00$428.00
Insurance / mo$216.67$216.67$216.67
MI / mo$227.58$227.58$140.40
HOA / mo$0.00$0.00$0.00
Total monthly$3,878.05$5,277.82$5,645.57
Cash to close$294,738$78,000$78,000