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$353,334$353,334$522,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$168,666$0
Funding fee$0$0$0
Note rate5.110%5.110%7.400%
Blended rate5.960%6.619%7.640%
1st payment$2,051.91$2,051.91$3,614.22
2nd payment$0.00$1,124.44$0.00
Taxes / mo$483.33$483.33$483.33
Insurance / mo$166.67$166.67$166.67
MI / mo$267.39$267.39$104.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,969.30$4,093.75$4,368.62
Cash to close$226,666$58,000$58,000