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$378,511$378,511$539,999
Remaining term (yrs)25.925.930.0
Secondary amount$0$161,488$0
Funding fee$0$0$0
Note rate5.540%5.540%7.400%
Blended rate6.390%6.871%7.640%
1st payment$2,292.11$2,292.11$3,738.84
2nd payment$0.00$1,076.59$0.00
Taxes / mo$442.25$442.25$442.25
Insurance / mo$166.67$166.67$166.67
MI / mo$284.69$284.69$108.00
HOA / mo$17.50$17.50$17.50
Total monthly$3,203.21$4,279.80$4,473.26
Cash to close$221,488$60,000$60,000