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$425,348$425,348$607,500
Remaining term (yrs)28.528.530.0
Secondary amount$0$182,152$0
Funding fee$0$0$0
Note rate6.860%6.860%7.320%
Blended rate7.410%7.587%7.560%
1st payment$2,829.80$2,829.80$4,173.10
2nd payment$0.00$1,214.35$0.00
Taxes / mo$74.83$74.83$74.83
Insurance / mo$166.67$166.67$166.67
MI / mo$197.73$197.73$121.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,269.03$4,483.38$4,536.10
Cash to close$249,652$67,500$67,500