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$381,532$381,532$449,910
Remaining term (yrs)25.825.830.0
Secondary amount$0$68,378$0
Funding fee$0$0$0
Note rate5.220%5.220%7.240%
Blended rate6.070%6.515%7.480%
1st payment$2,237.17$2,237.17$3,066.13
2nd payment$0.00$512.83$0.00
Taxes / mo$573.25$573.25$573.25
Insurance / mo$166.67$166.67$166.67
MI / mo$287.94$287.94$89.98
HOA / mo$41.67$41.67$41.67
Total monthly$3,306.69$3,819.52$3,937.70
Cash to close$118,368$49,990$49,990