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$423,868$423,868$573,750
Remaining term (yrs)28.328.330.0
Secondary amount$0$149,882$0
Funding fee$0$0$0
Note rate6.840%6.840%7.400%
Blended rate7.390%7.549%7.640%
1st payment$2,822.37$2,822.37$3,972.53
2nd payment$0.00$999.21$0.00
Taxes / mo$155.67$155.67$155.67
Insurance / mo$166.67$166.67$166.67
MI / mo$197.62$197.62$114.75
HOA / mo$0.00$0.00$0.00
Total monthly$3,342.32$4,341.54$4,409.61
Cash to close$213,632$63,750$63,750