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$300,899$300,899$341,100
Remaining term (yrs)25.725.730.0
Secondary amount$0$40,201$0
Funding fee$0$0$0
Note rate5.230%5.230%7.400%
Blended rate6.080%6.424%7.640%
1st payment$1,771.52$1,771.52$2,361.71
2nd payment$0.00$301.51$0.00
Taxes / mo$277.17$277.17$277.17
Insurance / mo$150.00$150.00$150.00
MI / mo$227.75$227.75$68.22
HOA / mo$60.00$60.00$60.00
Total monthly$2,486.44$2,787.94$2,917.09
Cash to close$78,101$37,900$37,900