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$350,523$350,523$490,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$139,977$0
Funding fee$0$0$0
Note rate4.420%4.420%7.320%
Blended rate5.270%6.049%7.560%
1st payment$1,905.01$1,905.01$3,369.39
2nd payment$0.00$933.18$0.00
Taxes / mo$283.83$283.83$283.83
Insurance / mo$166.67$166.67$166.67
MI / mo$268.83$268.83$98.10
HOA / mo$145.00$145.00$145.00
Total monthly$2,769.34$3,702.52$4,062.99
Cash to close$194,477$54,500$54,500