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$565,783$565,783$971,100
Remaining term (yrs)28.328.330.0
Secondary amount$0$405,317$0
Funding fee$0$0$0
Note rate6.890%6.890%7.320%
Blended rate7.440%7.569%7.560%
1st payment$3,782.36$3,782.36$6,670.78
2nd payment$0.00$2,617.67$0.00
Taxes / mo$899.17$899.17$899.17
Insurance / mo$216.67$216.67$216.67
MI / mo$263.49$263.49$194.22
HOA / mo$0.00$0.00$0.00
Total monthly$5,161.69$7,779.36$7,980.84
Cash to close$513,217$107,900$107,900