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$358,940$358,940$607,500
Remaining term (yrs)26.726.730.0
Secondary amount$0$248,560$0
Funding fee$0$0$0
Note rate6.390%6.390%7.320%
Blended rate6.940%7.271%7.560%
1st payment$2,333.33$2,333.33$4,173.10
2nd payment$0.00$1,605.28$0.00
Taxes / mo$562.50$562.50$562.50
Insurance / mo$166.67$166.67$166.67
MI / mo$171.15$171.15$121.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,233.65$4,838.93$5,023.77
Cash to close$316,060$67,500$67,500