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$392,262$392,262$809,910
Remaining term (yrs)28.828.830.0
Secondary amount$0$417,648$0
Funding fee$0$0$0
Note rate6.350%6.350%7.240%
Blended rate6.900%7.338%7.480%
1st payment$2,469.19$2,469.19$5,519.52
2nd payment$0.00$2,697.31$0.00
Taxes / mo$749.92$749.92$749.92
Insurance / mo$216.67$216.67$216.67
MI / mo$181.88$181.88$161.98
HOA / mo$90.00$90.00$90.00
Total monthly$3,707.65$6,404.96$6,738.09
Cash to close$507,638$89,990$89,990