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$315,676$315,676$355,500
Remaining term (yrs)25.625.630.0
Secondary amount$0$39,824$0
Funding fee$0$0$0
Note rate5.000%5.000%7.320%
Blended rate5.850%6.203%7.560%
1st payment$1,818.49$1,818.49$2,442.04
2nd payment$0.00$298.68$0.00
Taxes / mo$403.50$403.50$403.50
Insurance / mo$150.00$150.00$150.00
MI / mo$239.95$239.95$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,611.94$2,910.62$3,066.64
Cash to close$79,324$39,500$39,500