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$398,224$398,224$566,910
Remaining term (yrs)27.527.530.0
Secondary amount$0$168,686$0
Funding fee$0$0$0
Note rate6.870%6.870%7.400%
Blended rate7.420%7.593%7.640%
1st payment$2,683.03$2,683.03$3,925.17
2nd payment$0.00$1,124.57$0.00
Taxes / mo$118.67$118.67$118.67
Insurance / mo$166.67$166.67$166.67
MI / mo$187.29$187.29$113.38
HOA / mo$0.00$0.00$0.00
Total monthly$3,155.65$4,280.22$4,323.89
Cash to close$231,676$62,990$62,990