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$322,528$322,528$463,500
Remaining term (yrs)22.122.130.0
Secondary amount$0$140,972$0
Funding fee$0$0$0
Note rate4.800%4.800%7.320%
Blended rate5.650%6.365%7.560%
1st payment$1,967.92$1,967.92$3,183.92
2nd payment$0.00$939.81$0.00
Taxes / mo$496.83$496.83$496.83
Insurance / mo$166.67$166.67$166.67
MI / mo$265.68$265.68$92.70
HOA / mo$9.17$9.17$9.17
Total monthly$2,906.27$3,846.08$3,949.29
Cash to close$192,472$51,500$51,500