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$359,177$359,177$675,000
Remaining term (yrs)26.726.730.0
Secondary amount$0$315,823$0
Funding fee$0$0$0
Note rate6.990%6.990%7.400%
Blended rate7.540%7.638%7.640%
1st payment$2,473.32$2,473.32$4,673.56
2nd payment$0.00$2,039.69$0.00
Taxes / mo$101.33$101.33$101.33
Insurance / mo$216.67$216.67$216.67
MI / mo$170.56$170.56$135.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,961.89$5,001.58$5,126.56
Cash to close$390,823$75,000$75,000