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$409,885$409,885$989,936
Remaining term (yrs)26.226.230.0
Secondary amount$0$580,051$0
Funding fee$0$0$0
Note rate6.950%6.950%7.240%
Blended rate7.800%7.771%7.480%
1st payment$2,833.41$2,833.41$6,746.40
2nd payment$0.00$3,746.17$0.00
Taxes / mo$182.08$182.08$182.08
Insurance / mo$216.67$216.67$216.67
MI / mo$303.20$303.20$197.99
HOA / mo$0.00$0.00$0.00
Total monthly$3,535.35$7,281.52$7,343.13
Cash to close$690,044$109,993$109,993