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$302,312$302,312$314,100
Remaining term (yrs)25.725.730.0
Secondary amount$0$29,238$0
Funding fee$0$0$0
Note rate5.230%5.230%7.400%
Blended rate6.080%6.591%7.640%
1st payment$1,779.84$1,779.84$2,174.76
2nd payment$0.00$289.33$0.00
Taxes / mo$348.73$348.73$348.73
Insurance / mo$150.00$150.00$150.00
MI / mo$228.82$228.82$62.82
HOA / mo$33.33$33.33$33.33
Total monthly$2,540.72$2,830.05$2,769.64
Cash to close$46,688$17,450$34,900