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$310,843$310,843$413,100
Remaining term (yrs)25.925.930.0
Secondary amount$0$102,257$0
Funding fee$0$0$0
Note rate5.220%5.220%7.320%
Blended rate6.070%6.548%7.560%
1st payment$1,819.93$1,819.93$2,837.71
2nd payment$0.00$681.71$0.00
Taxes / mo$151.17$151.17$151.17
Insurance / mo$166.67$166.67$166.67
MI / mo$234.24$234.24$82.62
HOA / mo$0.00$0.00$0.00
Total monthly$2,372.00$3,053.71$3,238.16
Cash to close$148,157$45,900$45,900