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$238,980$238,980$504,000
Remaining term (yrs)28.728.730.0
Secondary amount$0$265,020$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.310%7.541%7.640%
1st payment$1,571.22$1,571.22$3,489.59
2nd payment$0.00$1,711.59$0.00
Taxes / mo$466.67$466.67$466.67
Insurance / mo$166.67$166.67$166.67
MI / mo$110.92$110.92$100.80
HOA / mo$503.00$503.00$503.00
Total monthly$2,818.47$4,530.06$4,726.73
Cash to close$321,020$56,000$56,000