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$355,883$355,883$503,100
Remaining term (yrs)25.825.830.0
Secondary amount$0$147,217$0
Funding fee$0$0$0
Note rate5.520%5.520%7.320%
Blended rate6.370%6.847%7.560%
1st payment$2,153.89$2,153.89$3,455.95
2nd payment$0.00$981.45$0.00
Taxes / mo$139.83$139.83$139.83
Insurance / mo$166.67$166.67$166.67
MI / mo$268.11$268.11$100.62
HOA / mo$0.00$0.00$0.00
Total monthly$2,728.50$3,709.95$3,863.07
Cash to close$203,117$55,900$55,900