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$432,638$432,638$539,999
Remaining term (yrs)27.827.830.0
Secondary amount$0$107,361$0
Funding fee$0$0$0
Note rate6.870%6.870%7.400%
Blended rate7.420%7.535%7.640%
1st payment$2,906.17$2,906.17$3,738.84
2nd payment$0.00$715.74$0.00
Taxes / mo$300.67$300.67$300.67
Insurance / mo$166.67$166.67$166.67
MI / mo$202.86$202.86$108.00
HOA / mo$51.00$51.00$51.00
Total monthly$3,627.36$4,343.10$4,365.18
Cash to close$167,361$60,000$60,000