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$363,069$363,069$629,100
Remaining term (yrs)25.625.630.0
Secondary amount$0$266,031$0
Funding fee$0$0$0
Note rate4.980%4.980%7.400%
Blended rate5.830%6.642%7.640%
1st payment$2,087.24$2,087.24$4,355.76
2nd payment$0.00$1,718.12$0.00
Taxes / mo$183.93$183.93$183.93
Insurance / mo$166.67$166.67$166.67
MI / mo$276.04$276.04$125.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,713.88$4,432.00$4,832.18
Cash to close$335,931$69,900$69,900