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$399,537$399,537$665,910
Remaining term (yrs)25.525.530.0
Secondary amount$0$266,373$0
Funding fee$0$0$0
Note rate5.270%5.270%7.320%
Blended rate6.120%6.772%7.560%
1st payment$2,368.96$2,368.96$4,574.34
2nd payment$0.00$1,720.33$0.00
Taxes / mo$321.17$321.17$321.17
Insurance / mo$216.67$216.67$216.67
MI / mo$303.20$303.20$133.18
HOA / mo$0.00$0.00$0.00
Total monthly$3,209.99$4,930.32$5,245.36
Cash to close$340,363$73,990$73,990