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$322,648$322,648$373,050
Remaining term (yrs)25.825.830.0
Secondary amount$0$50,402$0
Funding fee$0$0$0
Note rate5.520%5.520%7.320%
Blended rate6.370%6.725%7.560%
1st payment$1,952.74$1,952.74$2,562.59
2nd payment$0.00$378.01$0.00
Taxes / mo$480.33$480.33$480.33
Insurance / mo$150.00$150.00$150.00
MI / mo$243.07$243.07$74.61
HOA / mo$0.00$0.00$0.00
Total monthly$2,826.15$3,204.17$3,267.54
Cash to close$91,852$41,450$41,450