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$304,579$304,579$328,500
Remaining term (yrs)25.625.630.0
Secondary amount$0$42,171$0
Funding fee$0$0$0
Note rate4.980%4.980%7.400%
Blended rate5.830%6.565%7.640%
1st payment$1,750.99$1,750.99$2,274.47
2nd payment$0.00$417.31$0.00
Taxes / mo$150.42$150.42$150.42
Insurance / mo$150.00$150.00$150.00
MI / mo$231.57$231.57$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,282.98$2,700.29$2,640.58
Cash to close$60,421$18,250$36,500