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$434,710$434,710$562,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$127,790$0
Funding fee$0$0$0
Note rate6.200%6.200%7.400%
Blended rate6.750%7.034%7.640%
1st payment$2,726.07$2,726.07$3,894.64
2nd payment$0.00$851.93$0.00
Taxes / mo$115.92$115.92$115.92
Insurance / mo$166.67$166.67$166.67
MI / mo$204.00$204.00$112.50
HOA / mo$10.33$10.33$10.33
Total monthly$3,222.99$4,074.92$4,300.05
Cash to close$190,290$62,500$62,500