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$306,452$306,452$323,910
Remaining term (yrs)25.625.630.0
Secondary amount$0$35,453$0
Funding fee$0$0$0
Note rate4.980%4.980%7.320%
Blended rate5.830%6.457%7.560%
1st payment$1,761.76$1,761.76$2,225.04
2nd payment$0.00$350.84$0.00
Taxes / mo$267.00$267.00$267.00
Insurance / mo$150.00$150.00$150.00
MI / mo$232.99$232.99$64.78
HOA / mo$0.00$0.00$0.00
Total monthly$2,411.75$2,762.59$2,706.82
Cash to close$53,448$17,995$35,990