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$330,362$330,362$404,999
Remaining term (yrs)25.925.930.0
Secondary amount$0$74,637$0
Funding fee$0$0$0
Note rate4.500%4.500%7.320%
Blended rate5.350%6.023%7.560%
1st payment$1,798.18$1,798.18$2,782.06
2nd payment$0.00$559.78$0.00
Taxes / mo$375.00$375.00$375.00
Insurance / mo$150.00$150.00$150.00
MI / mo$251.38$251.38$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,574.56$3,134.33$3,388.06
Cash to close$119,637$45,000$45,000