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$191,797$191,797$540,000
Remaining term (yrs)11.911.930.0
Secondary amount$0$348,203$0
Funding fee$0$0$0
Note rate5.250%5.250%7.320%
Blended rate6.100%7.164%7.560%
1st payment$1,789.16$1,789.16$3,709.43
2nd payment$0.00$2,248.81$0.00
Taxes / mo$500.00$500.00$500.00
Insurance / mo$166.67$166.67$166.67
MI / mo$229.50$229.50$108.00
HOA / mo$121.00$121.00$121.00
Total monthly$2,806.33$5,055.14$4,605.09
Cash to close$408,203$60,000$60,000