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$354,743$354,743$539,100
Remaining term (yrs)23.523.530.0
Secondary amount$0$184,357$0
Funding fee$0$0$0
Note rate4.720%4.720%7.400%
Blended rate5.270%6.204%7.640%
1st payment$2,076.24$2,076.24$3,732.62
2nd payment$0.00$1,229.05$0.00
Taxes / mo$499.17$499.17$499.17
Insurance / mo$166.67$166.67$166.67
MI / mo$167.42$167.42$107.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,909.49$4,138.54$4,506.27
Cash to close$244,257$59,900$59,900