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$350,208$350,208$413,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$63,702$0
Funding fee$0$0$0
Note rate5.660%5.660%7.320%
Blended rate6.510%6.893%7.560%
1st payment$2,143.19$2,143.19$2,843.27
2nd payment$0.00$477.77$0.00
Taxes / mo$109.17$109.17$109.17
Insurance / mo$166.67$166.67$166.67
MI / mo$262.71$262.71$82.78
HOA / mo$15.00$15.00$15.00
Total monthly$2,696.72$3,174.49$3,216.89
Cash to close$109,692$45,990$45,990