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$304,726$304,726$328,410
Remaining term (yrs)25.625.630.0
Secondary amount$0$41,929$0
Funding fee$0$0$0
Note rate5.810%5.810%7.400%
Blended rate6.660%7.291%7.640%
1st payment$1,903.27$1,903.27$2,273.84
2nd payment$0.00$414.92$0.00
Taxes / mo$307.32$307.32$307.32
Insurance / mo$150.00$150.00$150.00
MI / mo$229.52$229.52$65.68
HOA / mo$0.00$0.00$0.00
Total monthly$2,590.11$3,005.02$2,796.84
Cash to close$60,174$18,245$36,490