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$258,202$258,202$495,000
Remaining term (yrs)26.726.730.0
Secondary amount$0$236,798$0
Funding fee$0$0$0
Note rate6.390%6.390%7.400%
Blended rate6.940%7.327%7.640%
1st payment$1,678.48$1,678.48$3,427.28
2nd payment$0.00$1,529.32$0.00
Taxes / mo$144.33$144.33$144.33
Insurance / mo$166.67$166.67$166.67
MI / mo$123.12$123.12$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,112.59$3,641.91$3,837.28
Cash to close$291,798$55,000$55,000