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$214,115$214,115$495,000
Remaining term (yrs)13.113.130.0
Secondary amount$0$280,885$0
Funding fee$0$0$0
Note rate5.000%5.000%7.320%
Blended rate5.850%6.928%7.560%
1st payment$1,844.31$1,844.31$3,400.31
2nd payment$0.00$1,814.05$0.00
Taxes / mo$458.33$458.33$458.33
Insurance / mo$166.67$166.67$166.67
MI / mo$243.36$243.36$99.00
HOA / mo$700.00$700.00$700.00
Total monthly$3,412.67$5,226.71$4,824.31
Cash to close$335,885$55,000$55,000