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$419,128$419,128$553,410
Remaining term (yrs)28.928.930.0
Secondary amount$0$134,282$0
Funding fee$0$0$0
Note rate6.580%6.580%7.400%
Blended rate7.130%7.341%7.640%
1st payment$2,698.42$2,698.42$3,831.70
2nd payment$0.00$895.21$0.00
Taxes / mo$92.83$92.83$92.83
Insurance / mo$166.67$166.67$166.67
MI / mo$194.05$194.05$110.68
HOA / mo$0.00$0.00$0.00
Total monthly$3,151.97$4,047.19$4,201.88
Cash to close$195,772$61,490$61,490