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$400,576$400,576$571,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$170,924$0
Funding fee$0$0$0
Note rate5.230%5.230%7.320%
Blended rate6.080%6.654%7.560%
1st payment$2,358.36$2,358.36$3,925.81
2nd payment$0.00$1,139.49$0.00
Taxes / mo$230.42$230.42$230.42
Insurance / mo$166.67$166.67$166.67
MI / mo$303.20$303.20$114.30
HOA / mo$43.00$43.00$43.00
Total monthly$3,101.64$4,241.13$4,480.19
Cash to close$234,424$63,500$63,500