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$259,193$259,193$427,500
Remaining term (yrs)25.625.630.0
Secondary amount$0$168,307$0
Funding fee$0$0$0
Note rate5.110%5.110%7.320%
Blended rate5.960%6.763%7.560%
1st payment$1,509.90$1,509.90$2,936.63
2nd payment$0.00$1,122.05$0.00
Taxes / mo$395.83$395.83$395.83
Insurance / mo$166.67$166.67$166.67
MI / mo$196.76$196.76$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,269.16$3,391.20$3,584.63
Cash to close$215,807$47,500$47,500