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$356,459$356,459$521,910
Remaining term (yrs)26.626.630.0
Secondary amount$0$165,451$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.249%7.640%
1st payment$2,310.90$2,310.90$3,613.60
2nd payment$0.00$1,103.01$0.00
Taxes / mo$483.25$483.25$483.25
Insurance / mo$166.67$166.67$166.67
MI / mo$170.22$170.22$104.38
HOA / mo$280.00$280.00$280.00
Total monthly$3,411.04$4,514.05$4,647.90
Cash to close$223,441$57,990$57,990