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$306,431$306,431$414,000
Remaining term (yrs)22.022.030.0
Secondary amount$0$107,569$0
Funding fee$0$0$0
Note rate4.650%4.650%7.320%
Blended rate5.500%6.150%7.560%
1st payment$1,847.98$1,847.98$2,843.89
2nd payment$0.00$717.13$0.00
Taxes / mo$288.33$288.33$288.33
Insurance / mo$166.67$166.67$166.67
MI / mo$253.86$253.86$82.80
HOA / mo$37.00$37.00$37.00
Total monthly$2,593.84$3,310.97$3,418.69
Cash to close$153,569$46,000$46,000