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$296,275$296,275$359,910
Remaining term (yrs)26.126.130.0
Secondary amount$0$63,635$0
Funding fee$0$0$0
Note rate5.550%5.550%7.400%
Blended rate6.400%6.860%7.640%
1st payment$1,788.28$1,788.28$2,491.94
2nd payment$0.00$477.26$0.00
Taxes / mo$333.25$333.25$333.25
Insurance / mo$150.00$150.00$150.00
MI / mo$221.87$221.87$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,493.39$2,970.65$3,047.18
Cash to close$103,625$39,990$39,990