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$264,439$264,439$485,100
Remaining term (yrs)29.429.430.0
Secondary amount$0$220,661$0
Funding fee$0$0$0
Note rate6.090%6.090%7.400%
Blended rate6.640%7.145%7.640%
1st payment$1,610.36$1,610.36$3,358.73
2nd payment$0.00$1,425.10$0.00
Taxes / mo$83.17$83.17$83.17
Insurance / mo$166.67$166.67$166.67
MI / mo$121.93$121.93$97.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,982.12$3,407.22$3,705.59
Cash to close$274,561$53,900$53,900