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$399,330$399,330$472,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$73,170$0
Funding fee$0$0$0
Note rate5.520%5.520%7.400%
Blended rate6.370%6.777%7.640%
1st payment$2,413.35$2,413.35$3,271.49
2nd payment$0.00$548.78$0.00
Taxes / mo$832.88$832.88$832.88
Insurance / mo$166.67$166.67$166.67
MI / mo$300.41$300.41$94.50
HOA / mo$70.00$70.00$70.00
Total monthly$3,783.31$4,332.08$4,435.54
Cash to close$125,670$52,500$52,500