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$342,439$342,439$350,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$27,966$0
Funding fee$0$0$0
Note rate4.990%4.990%7.400%
Blended rate5.840%6.296%7.640%
1st payment$1,961.34$1,961.34$2,429.63
2nd payment$0.00$276.75$0.00
Taxes / mo$398.50$398.50$398.50
Insurance / mo$150.00$150.00$150.00
MI / mo$259.09$259.09$70.18
HOA / mo$76.00$76.00$76.00
Total monthly$2,844.93$3,121.68$3,124.31
Cash to close$47,461$19,495$38,990