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$367,870$367,870$557,100
Remaining term (yrs)29.529.530.0
Secondary amount$0$189,230$0
Funding fee$0$0$0
Note rate6.000%6.000%7.320%
Blended rate6.550%7.043%7.560%
1st payment$2,214.45$2,214.45$3,826.89
2nd payment$0.00$1,261.53$0.00
Taxes / mo$158.17$158.17$158.17
Insurance / mo$166.67$166.67$166.67
MI / mo$169.29$169.29$111.42
HOA / mo$0.00$0.00$0.00
Total monthly$2,708.57$3,970.10$4,263.14
Cash to close$251,130$61,900$61,900