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$309,810$309,810$319,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$27,440$0
Funding fee$0$0$0
Note rate5.410%5.410%7.400%
Blended rate6.260%6.717%7.640%
1st payment$1,849.11$1,849.11$2,212.15
2nd payment$0.00$271.54$0.00
Taxes / mo$295.83$295.83$295.83
Insurance / mo$150.00$150.00$150.00
MI / mo$232.99$232.99$63.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,527.94$2,799.47$2,721.89
Cash to close$45,190$17,750$35,500