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$291,785$291,785$549,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$257,215$0
Funding fee$0$0$0
Note rate5.520%5.520%7.320%
Blended rate6.370%7.017%7.560%
1st payment$1,765.96$1,765.96$3,771.25
2nd payment$0.00$1,661.18$0.00
Taxes / mo$459.33$459.33$459.33
Insurance / mo$166.67$166.67$166.67
MI / mo$219.82$219.82$109.80
HOA / mo$32.00$32.00$32.00
Total monthly$2,643.78$4,304.96$4,539.05
Cash to close$318,215$61,000$61,000