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$196,275$196,275$422,999
Remaining term (yrs)26.026.030.0
Secondary amount$0$226,724$0
Funding fee$0$0$0
Note rate5.660%5.660%7.320%
Blended rate6.510%7.175%7.560%
1st payment$1,199.48$1,199.48$2,905.71
2nd payment$0.00$1,464.26$0.00
Taxes / mo$404.33$404.33$404.33
Insurance / mo$166.67$166.67$166.67
MI / mo$147.03$147.03$84.60
HOA / mo$39.33$39.33$39.33
Total monthly$1,956.84$3,421.10$3,600.64
Cash to close$273,724$47,000$47,000