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$320,174$320,174$328,500
Remaining term (yrs)25.625.630.0
Secondary amount$0$26,576$0
Funding fee$0$0$0
Note rate4.980%4.980%7.400%
Blended rate5.830%6.293%7.640%
1st payment$1,840.64$1,840.64$2,274.47
2nd payment$0.00$263.00$0.00
Taxes / mo$135.00$135.00$135.00
Insurance / mo$150.00$150.00$150.00
MI / mo$243.43$243.43$65.70
HOA / mo$135.00$135.00$135.00
Total monthly$2,504.07$2,767.07$2,760.17
Cash to close$44,826$18,250$36,500