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$300,750$300,750$382,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$81,750$0
Funding fee$0$0$0
Note rate6.130%6.130%7.400%
Blended rate6.680%7.176%7.640%
1st payment$1,912.83$1,912.83$2,648.35
2nd payment$0.00$613.13$0.00
Taxes / mo$354.17$354.17$354.17
Insurance / mo$150.00$150.00$150.00
MI / mo$144.21$144.21$76.50
HOA / mo$375.00$375.00$375.00
Total monthly$2,936.21$3,549.34$3,604.02
Cash to close$124,250$42,500$42,500