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$296,018$296,018$404,100
Remaining term (yrs)25.525.530.0
Secondary amount$0$108,082$0
Funding fee$0$0$0
Note rate4.420%4.420%7.320%
Blended rate5.270%6.000%7.560%
1st payment$1,608.79$1,608.79$2,775.89
2nd payment$0.00$720.55$0.00
Taxes / mo$333.92$333.92$333.92
Insurance / mo$150.00$150.00$150.00
MI / mo$227.03$227.03$80.82
HOA / mo$89.00$89.00$89.00
Total monthly$2,408.73$3,129.28$3,429.62
Cash to close$152,982$44,900$44,900