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$284,783$284,783$629,910
Remaining term (yrs)28.728.730.0
Secondary amount$0$345,127$0
Funding fee$0$0$0
Note rate6.850%6.850%7.400%
Blended rate7.400%7.592%7.640%
1st payment$1,889.24$1,889.24$4,361.37
2nd payment$0.00$2,228.95$0.00
Taxes / mo$565.83$565.83$565.83
Insurance / mo$166.67$166.67$166.67
MI / mo$132.15$132.15$125.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,753.89$4,982.84$5,219.85
Cash to close$415,117$69,990$69,990