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$335,094$335,094$368,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$33,816$0
Funding fee$0$0$0
Note rate5.410%5.410%7.400%
Blended rate6.260%6.511%7.640%
1st payment$2,002.94$2,002.94$2,554.26
2nd payment$0.00$253.62$0.00
Taxes / mo$610.75$610.75$610.75
Insurance / mo$150.00$150.00$150.00
MI / mo$252.38$252.38$73.78
HOA / mo$15.33$15.33$15.33
Total monthly$3,031.39$3,285.02$3,404.12
Cash to close$74,806$40,990$40,990