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$452,402$452,402$584,910
Remaining term (yrs)25.725.730.0
Secondary amount$0$132,508$0
Funding fee$0$0$0
Note rate5.250%5.250%7.320%
Blended rate6.100%6.530%7.560%
1st payment$2,668.86$2,668.86$4,017.93
2nd payment$0.00$883.39$0.00
Taxes / mo$188.42$188.42$188.42
Insurance / mo$166.67$166.67$166.67
MI / mo$342.35$342.35$116.98
HOA / mo$50.00$50.00$50.00
Total monthly$3,416.29$4,299.68$4,539.99
Cash to close$197,498$64,990$64,990