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$306,191$306,191$314,100
Remaining term (yrs)25.625.630.0
Secondary amount$0$25,359$0
Funding fee$0$0$0
Note rate4.980%4.980%7.400%
Blended rate5.830%6.292%7.640%
1st payment$1,760.26$1,760.26$2,174.76
2nd payment$0.00$250.95$0.00
Taxes / mo$169.58$169.58$169.58
Insurance / mo$150.00$150.00$150.00
MI / mo$232.80$232.80$62.82
HOA / mo$70.00$70.00$70.00
Total monthly$2,382.64$2,633.58$2,627.17
Cash to close$42,809$17,450$34,900