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$456,381$456,381$629,910
Remaining term (yrs)26.426.430.0
Secondary amount$0$173,529$0
Funding fee$0$0$0
Note rate6.090%6.090%7.400%
Blended rate6.640%7.015%7.640%
1st payment$2,894.93$2,894.93$4,361.37
2nd payment$0.00$1,156.86$0.00
Taxes / mo$217.67$217.67$217.67
Insurance / mo$166.67$166.67$166.67
MI / mo$219.19$219.19$125.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,498.45$4,655.31$4,871.68
Cash to close$243,519$69,990$69,990