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$383,766$383,766$696,510
Remaining term (yrs)28.928.930.0
Secondary amount$0$312,744$0
Funding fee$0$0$0
Note rate6.580%6.580%7.320%
Blended rate7.130%7.408%7.560%
1st payment$2,470.75$2,470.75$4,784.54
2nd payment$0.00$2,019.81$0.00
Taxes / mo$83.25$83.25$83.25
Insurance / mo$216.67$216.67$216.67
MI / mo$177.68$177.68$139.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,948.35$4,968.15$5,223.76
Cash to close$390,134$77,390$77,390