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$368,163$368,163$625,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$257,337$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.338%7.560%
1st payment$2,379.58$2,379.58$4,296.75
2nd payment$0.00$1,661.97$0.00
Taxes / mo$579.17$579.17$579.17
Insurance / mo$166.67$166.67$166.67
MI / mo$172.55$172.55$125.10
HOA / mo$297.00$297.00$297.00
Total monthly$3,594.96$5,256.93$5,464.68
Cash to close$326,837$69,500$69,500