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$326,530$326,530$378,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$51,470$0
Funding fee$0$0$0
Note rate4.980%4.980%7.320%
Blended rate5.830%6.262%7.560%
1st payment$1,877.19$1,877.19$2,596.60
2nd payment$0.00$386.02$0.00
Taxes / mo$583.00$583.00$583.00
Insurance / mo$150.00$150.00$150.00
MI / mo$248.26$248.26$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,858.45$3,244.47$3,405.20
Cash to close$93,470$42,000$42,000