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$298,856$298,856$341,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$43,054$0
Funding fee$0$0$0
Note rate5.410%5.410%7.320%
Blended rate6.260%6.605%7.560%
1st payment$1,786.33$1,786.33$2,348.68
2nd payment$0.00$322.91$0.00
Taxes / mo$163.42$163.42$163.42
Insurance / mo$150.00$150.00$150.00
MI / mo$225.08$225.08$68.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,324.83$2,647.74$2,730.48
Cash to close$81,044$37,990$37,990