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$229,148$229,148$512,100
Remaining term (yrs)25.925.930.0
Secondary amount$0$282,952$0
Funding fee$0$0$0
Note rate5.660%5.660%7.320%
Blended rate6.510%7.195%7.560%
1st payment$1,402.33$1,402.33$3,517.77
2nd payment$0.00$1,827.40$0.00
Taxes / mo$223.25$223.25$223.25
Insurance / mo$166.67$166.67$166.67
MI / mo$171.89$171.89$102.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,964.14$3,791.54$4,010.11
Cash to close$339,852$56,900$56,900