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$313,262$313,262$445,500
Remaining term (yrs)21.821.830.0
Secondary amount$0$132,238$0
Funding fee$0$0$0
Note rate4.570%4.570%7.320%
Blended rate5.420%6.186%7.560%
1st payment$1,887.65$1,887.65$3,060.28
2nd payment$0.00$881.59$0.00
Taxes / mo$590.67$590.67$590.67
Insurance / mo$166.67$166.67$166.67
MI / mo$261.74$261.74$89.10
HOA / mo$47.00$47.00$47.00
Total monthly$2,953.72$3,835.30$3,953.71
Cash to close$181,738$49,500$49,500