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$323,752$323,752$400,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$76,748$0
Funding fee$0$0$0
Note rate5.230%5.230%7.320%
Blended rate6.080%6.640%7.560%
1st payment$1,906.07$1,906.07$2,751.16
2nd payment$0.00$575.61$0.00
Taxes / mo$370.83$370.83$370.83
Insurance / mo$150.00$150.00$150.00
MI / mo$245.05$245.05$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,671.95$3,247.55$3,352.09
Cash to close$121,248$44,500$44,500