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$342,050$342,050$382,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$40,450$0
Funding fee$0$0$0
Note rate5.230%5.230%7.320%
Blended rate6.080%6.389%7.560%
1st payment$2,010.73$2,010.73$2,627.51
2nd payment$0.00$303.37$0.00
Taxes / mo$552.67$552.67$552.67
Insurance / mo$150.00$150.00$150.00
MI / mo$258.50$258.50$76.50
HOA / mo$269.00$269.00$269.00
Total monthly$3,240.90$3,544.28$3,675.68
Cash to close$82,950$42,500$42,500