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$298,585$298,585$368,899
Remaining term (yrs)25.825.830.0
Secondary amount$0$70,314$0
Funding fee$0$0$0
Note rate5.810%5.810%7.320%
Blended rate6.660%7.106%7.560%
1st payment$1,859.73$1,859.73$2,534.08
2nd payment$0.00$527.36$0.00
Taxes / mo$744.25$744.25$744.25
Insurance / mo$150.00$150.00$150.00
MI / mo$224.26$224.26$73.78
HOA / mo$0.00$0.00$0.00
Total monthly$2,978.24$3,505.60$3,502.11
Cash to close$111,303$40,989$40,989