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$420,071$420,071$602,910
Remaining term (yrs)23.823.830.0
Secondary amount$0$182,839$0
Funding fee$0$0$0
Note rate6.840%6.840%7.400%
Blended rate7.390%7.575%7.640%
1st payment$2,976.94$2,976.94$4,174.43
2nd payment$0.00$1,218.93$0.00
Taxes / mo$163.75$163.75$163.75
Insurance / mo$166.67$166.67$166.67
MI / mo$195.87$195.87$120.58
HOA / mo$0.00$0.00$0.00
Total monthly$3,503.23$4,722.16$4,625.43
Cash to close$249,829$66,990$66,990