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$344,069$344,069$382,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$38,431$0
Funding fee$0$0$0
Note rate5.100%5.100%7.400%
Blended rate5.950%6.256%7.640%
1st payment$1,999.18$1,999.18$2,648.35
2nd payment$0.00$288.23$0.00
Taxes / mo$354.17$354.17$354.17
Insurance / mo$150.00$150.00$150.00
MI / mo$260.81$260.81$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,764.16$3,052.39$3,229.02
Cash to close$80,931$42,500$42,500