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$253,735$253,735$325,800
Remaining term (yrs)25.625.630.0
Secondary amount$0$72,065$0
Funding fee$0$0$0
Note rate5.000%5.000%7.320%
Blended rate5.850%6.547%7.560%
1st payment$1,461.67$1,461.67$2,238.02
2nd payment$0.00$540.49$0.00
Taxes / mo$548.00$548.00$548.00
Insurance / mo$150.00$150.00$150.00
MI / mo$192.87$192.87$65.16
HOA / mo$0.00$0.00$0.00
Total monthly$2,352.54$2,893.03$3,001.18
Cash to close$108,265$36,200$36,200