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$206,090$206,090$540,000
Remaining term (yrs)12.812.830.0
Secondary amount$0$333,910$0
Funding fee$0$0$0
Note rate5.250%5.250%7.400%
Blended rate6.100%7.120%7.640%
1st payment$1,833.80$1,833.80$3,738.85
2nd payment$0.00$2,156.50$0.00
Taxes / mo$487.42$487.42$487.42
Insurance / mo$166.67$166.67$166.67
MI / mo$235.23$235.23$108.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,723.11$4,879.61$4,500.93
Cash to close$393,910$60,000$60,000