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$239,588$239,588$625,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$385,912$0
Funding fee$0$0$0
Note rate5.410%5.410%7.400%
Blended rate6.260%7.179%7.640%
1st payment$1,429.98$1,429.98$4,330.84
2nd payment$0.00$2,492.35$0.00
Taxes / mo$184.42$184.42$184.42
Insurance / mo$166.67$166.67$166.67
MI / mo$180.18$180.18$125.10
HOA / mo$75.00$75.00$75.00
Total monthly$2,036.25$4,528.60$4,882.02
Cash to close$455,412$69,500$69,500