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$305,014$305,014$315,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$27,486$0
Funding fee$0$0$0
Note rate5.100%5.100%7.400%
Blended rate5.950%6.440%7.640%
1st payment$1,775.02$1,775.02$2,181.00
2nd payment$0.00$272.00$0.00
Taxes / mo$150.42$150.42$150.42
Insurance / mo$150.00$150.00$150.00
MI / mo$231.57$231.57$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,307.01$2,579.01$2,544.41
Cash to close$44,986$17,500$35,000