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$327,034$327,034$898,200
Remaining term (yrs)26.026.030.0
Secondary amount$0$571,166$0
Funding fee$0$0$0
Note rate6.600%6.600%7.400%
Blended rate7.450%7.641%7.640%
1st payment$2,189.94$2,189.94$6,218.96
2nd payment$0.00$3,688.78$0.00
Taxes / mo$831.67$831.67$831.67
Insurance / mo$216.67$216.67$216.67
MI / mo$242.89$242.89$179.64
HOA / mo$0.00$0.00$0.00
Total monthly$3,481.16$7,169.94$7,446.93
Cash to close$670,966$99,800$99,800