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$401,705$401,705$594,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$192,295$0
Funding fee$0$0$0
Note rate5.220%5.220%7.320%
Blended rate6.070%6.695%7.560%
1st payment$2,351.91$2,351.91$4,080.37
2nd payment$0.00$1,281.96$0.00
Taxes / mo$281.58$281.58$281.58
Insurance / mo$166.67$166.67$166.67
MI / mo$302.71$302.71$118.80
HOA / mo$380.00$380.00$380.00
Total monthly$3,482.86$4,764.83$5,027.42
Cash to close$258,295$66,000$66,000