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$286,492$286,492$310,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$41,258$0
Funding fee$0$0$0
Note rate4.670%4.670%7.400%
Blended rate5.520%6.320%7.640%
1st payment$1,598.03$1,598.03$2,149.84
2nd payment$0.00$408.28$0.00
Taxes / mo$347.25$347.25$347.25
Insurance / mo$150.00$150.00$150.00
MI / mo$219.01$219.01$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,314.29$2,722.57$2,709.19
Cash to close$58,508$17,250$34,500