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$390,751$390,751$562,500
Remaining term (yrs)29.729.730.0
Secondary amount$0$171,749$0
Funding fee$0$0$0
Note rate6.220%6.220%7.400%
Blended rate6.770%7.146%7.640%
1st payment$2,402.90$2,402.90$3,894.64
2nd payment$0.00$1,144.99$0.00
Taxes / mo$520.83$520.83$520.83
Insurance / mo$166.67$166.67$166.67
MI / mo$179.44$179.44$112.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,269.84$4,414.83$4,694.64
Cash to close$234,249$62,500$62,500