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$302,900$302,900$319,410
Remaining term (yrs)25.925.930.0
Secondary amount$0$34,255$0
Funding fee$0$0$0
Note rate5.130%5.130%7.400%
Blended rate5.980%6.579%7.640%
1st payment$1,757.22$1,757.22$2,211.53
2nd payment$0.00$338.99$0.00
Taxes / mo$351.08$351.08$351.08
Insurance / mo$150.00$150.00$150.00
MI / mo$228.47$228.47$63.88
HOA / mo$72.75$72.75$72.75
Total monthly$2,559.52$2,898.51$2,849.25
Cash to close$52,000$17,745$35,490