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$294,864$294,864$495,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$200,136$0
Funding fee$0$0$0
Note rate7.020%7.020%7.320%
Blended rate7.570%7.643%7.560%
1st payment$2,007.81$2,007.81$3,400.31
2nd payment$0.00$1,292.55$0.00
Taxes / mo$366.47$366.47$366.47
Insurance / mo$166.67$166.67$166.67
MI / mo$138.04$138.04$99.00
HOA / mo$58.33$58.33$58.33
Total monthly$2,737.31$4,029.86$4,090.77
Cash to close$255,136$55,000$55,000