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$299,225$299,225$373,500
Remaining term (yrs)22.522.530.0
Secondary amount$0$74,275$0
Funding fee$0$0$0
Note rate4.270%4.270%7.320%
Blended rate5.120%5.892%7.560%
1st payment$1,718.84$1,718.84$2,565.69
2nd payment$0.00$557.06$0.00
Taxes / mo$208.92$208.92$208.92
Insurance / mo$150.00$150.00$150.00
MI / mo$246.90$246.90$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,324.66$2,881.72$2,999.30
Cash to close$115,775$41,500$41,500