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$309,193$309,193$346,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$37,307$0
Funding fee$0$0$0
Note rate5.220%5.220%7.400%
Blended rate6.070%6.385%7.640%
1st payment$1,810.27$1,810.27$2,399.10
2nd payment$0.00$279.80$0.00
Taxes / mo$217.45$217.45$217.45
Insurance / mo$150.00$150.00$150.00
MI / mo$232.99$232.99$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,410.71$2,690.52$2,835.85
Cash to close$75,807$38,500$38,500