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$544,466$544,466$893,700
Remaining term (yrs)27.427.430.0
Secondary amount$0$349,234$0
Funding fee$0$0$0
Note rate6.940%6.940%7.320%
Blended rate7.490%7.592%7.560%
1st payment$3,700.68$3,700.68$6,139.10
2nd payment$0.00$2,255.47$0.00
Taxes / mo$267.42$267.42$267.42
Insurance / mo$216.67$216.67$216.67
MI / mo$256.49$256.49$178.74
HOA / mo$0.00$0.00$0.00
Total monthly$4,441.25$6,696.72$6,801.92
Cash to close$448,534$99,300$99,300