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$363,156$363,156$629,100
Remaining term (yrs)25.625.630.0
Secondary amount$0$265,944$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%6.653%7.640%
1st payment$2,092.00$2,092.00$4,355.76
2nd payment$0.00$1,717.56$0.00
Taxes / mo$183.92$183.92$183.92
Insurance / mo$166.67$166.67$166.67
MI / mo$276.04$276.04$125.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,718.63$4,436.18$4,832.16
Cash to close$335,844$69,900$69,900