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$371,363$371,363$584,100
Remaining term (yrs)25.725.730.0
Secondary amount$0$212,737$0
Funding fee$0$0$0
Note rate5.230%5.230%7.400%
Blended rate6.080%6.688%7.640%
1st payment$2,186.37$2,186.37$4,044.19
2nd payment$0.00$1,373.93$0.00
Taxes / mo$238.42$238.42$238.42
Insurance / mo$166.67$166.67$166.67
MI / mo$281.08$281.08$116.82
HOA / mo$140.00$140.00$140.00
Total monthly$3,012.54$4,386.46$4,706.09
Cash to close$277,637$64,900$64,900