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$589,840$589,840$854,100
Remaining term (yrs)26.226.230.0
Secondary amount$0$264,260$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.800%7.785%7.640%
1st payment$4,072.85$4,072.85$5,913.62
2nd payment$0.00$1,706.68$0.00
Taxes / mo$338.42$338.42$338.42
Insurance / mo$216.67$216.67$216.67
MI / mo$435.82$435.82$170.82
HOA / mo$0.00$0.00$0.00
Total monthly$5,063.75$6,770.43$6,639.52
Cash to close$359,160$94,900$94,900