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$310,535$310,535$391,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$80,965$0
Funding fee$0$0$0
Note rate5.540%5.540%7.400%
Blended rate6.390%6.930%7.640%
1st payment$1,885.91$1,885.91$2,710.67
2nd payment$0.00$607.24$0.00
Taxes / mo$271.08$271.08$271.08
Insurance / mo$150.00$150.00$150.00
MI / mo$234.24$234.24$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,541.23$3,148.47$3,210.05
Cash to close$124,465$43,500$43,500