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$304,476$304,476$395,910
Remaining term (yrs)25.525.530.0
Secondary amount$0$91,434$0
Funding fee$0$0$0
Note rate4.420%4.420%7.400%
Blended rate5.270%6.131%7.640%
1st payment$1,654.76$1,654.76$2,741.20
2nd payment$0.00$685.76$0.00
Taxes / mo$366.58$366.58$366.58
Insurance / mo$150.00$150.00$150.00
MI / mo$233.52$233.52$79.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,404.86$3,090.61$3,336.97
Cash to close$135,424$43,990$43,990