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$302,358$302,358$310,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$25,392$0
Funding fee$0$0$0
Note rate4.980%4.980%7.320%
Blended rate5.830%6.298%7.560%
1st payment$1,735.46$1,735.46$2,132.92
2nd payment$0.00$251.27$0.00
Taxes / mo$376.00$376.00$376.00
Insurance / mo$150.00$150.00$150.00
MI / mo$229.52$229.52$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,490.98$2,742.25$2,721.02
Cash to close$42,642$17,250$34,500