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$285,446$285,446$355,500
Remaining term (yrs)29.429.430.0
Secondary amount$0$70,054$0
Funding fee$0$0$0
Note rate5.980%5.980%7.400%
Blended rate6.530%7.017%7.640%
1st payment$1,716.39$1,716.39$2,461.41
2nd payment$0.00$525.40$0.00
Taxes / mo$169.58$169.58$169.58
Insurance / mo$150.00$150.00$150.00
MI / mo$131.49$131.49$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,167.46$2,692.87$2,852.09
Cash to close$109,554$39,500$39,500