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$358,315$358,315$495,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$136,685$0
Funding fee$0$0$0
Note rate6.090%6.090%7.400%
Blended rate6.640%7.016%7.640%
1st payment$2,272.87$2,272.87$3,427.28
2nd payment$0.00$911.23$0.00
Taxes / mo$425.75$425.75$425.75
Insurance / mo$166.67$166.67$166.67
MI / mo$172.09$172.09$99.00
HOA / mo$85.00$85.00$85.00
Total monthly$3,122.38$4,033.61$4,203.70
Cash to close$191,685$55,000$55,000