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$223,788$223,788$584,955
Remaining term (yrs)8.98.930.0
Secondary amount$0$361,167$0
Funding fee$0$0$0
Note rate5.320%5.320%7.400%
Blended rate6.170%7.146%7.640%
1st payment$2,612.11$2,612.11$4,050.11
2nd payment$0.00$2,332.54$0.00
Taxes / mo$541.63$541.63$541.63
Insurance / mo$166.67$166.67$166.67
MI / mo$332.45$332.45$116.99
HOA / mo$0.00$0.00$0.00
Total monthly$3,652.85$5,985.39$4,875.39
Cash to close$426,162$64,995$64,995