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$409,994$409,994$585,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$175,006$0
Funding fee$0$0$0
Note rate6.630%6.630%7.320%
Blended rate7.180%7.425%7.560%
1st payment$2,653.04$2,653.04$4,018.54
2nd payment$0.00$1,166.71$0.00
Taxes / mo$541.67$541.67$541.67
Insurance / mo$166.67$166.67$166.67
MI / mo$189.81$189.81$117.00
HOA / mo$203.00$203.00$203.00
Total monthly$3,754.18$4,920.88$5,046.88
Cash to close$240,006$65,000$65,000