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$409,834$409,834$557,100
Remaining term (yrs)25.925.930.0
Secondary amount$0$147,266$0
Funding fee$0$0$0
Note rate5.220%5.220%7.320%
Blended rate6.070%6.580%7.560%
1st payment$2,399.50$2,399.50$3,826.89
2nd payment$0.00$981.77$0.00
Taxes / mo$515.83$515.83$515.83
Insurance / mo$166.67$166.67$166.67
MI / mo$308.83$308.83$111.42
HOA / mo$0.00$0.00$0.00
Total monthly$3,390.83$4,372.60$4,620.81
Cash to close$209,166$61,900$61,900