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$304,136$304,136$386,100
Remaining term (yrs)25.825.830.0
Secondary amount$0$81,964$0
Funding fee$0$0$0
Note rate5.090%5.090%7.320%
Blended rate5.940%6.590%7.560%
1st payment$1,762.61$1,762.61$2,652.24
2nd payment$0.00$614.73$0.00
Taxes / mo$357.50$357.50$357.50
Insurance / mo$150.00$150.00$150.00
MI / mo$230.21$230.21$77.22
HOA / mo$395.00$395.00$395.00
Total monthly$2,895.32$3,510.05$3,631.96
Cash to close$124,864$42,900$42,900