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$312,533$312,533$432,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$119,467$0
Funding fee$0$0$0
Note rate5.510%5.510%7.400%
Blended rate6.360%6.814%7.640%
1st payment$1,886.91$1,886.91$2,991.08
2nd payment$0.00$796.44$0.00
Taxes / mo$400.00$400.00$400.00
Insurance / mo$166.67$166.67$166.67
MI / mo$235.14$235.14$86.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,688.71$3,485.16$3,644.15
Cash to close$167,467$48,000$48,000