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$362,334$362,334$427,500
Remaining term (yrs)21.921.930.0
Secondary amount$0$65,166$0
Funding fee$0$0$0
Note rate4.520%4.520%7.400%
Blended rate5.370%5.923%7.640%
1st payment$2,163.75$2,163.75$2,959.92
2nd payment$0.00$488.74$0.00
Taxes / mo$429.33$429.33$429.33
Insurance / mo$166.67$166.67$166.67
MI / mo$301.78$301.78$85.50
HOA / mo$51.00$51.00$51.00
Total monthly$3,112.53$3,601.27$3,692.42
Cash to close$112,666$47,500$47,500