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$281,969$281,969$526,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$244,531$0
Funding fee$0$0$0
Note rate5.300%5.300%7.320%
Blended rate6.150%6.893%7.560%
1st payment$1,666.81$1,666.81$3,616.69
2nd payment$0.00$1,579.26$0.00
Taxes / mo$339.08$339.08$339.08
Insurance / mo$166.67$166.67$166.67
MI / mo$212.61$212.61$105.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,385.18$3,964.44$4,227.74
Cash to close$303,031$58,500$58,500