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$328,791$328,791$400,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$71,709$0
Funding fee$0$0$0
Note rate4.250%4.250%7.400%
Blended rate4.800%5.552%7.640%
1st payment$1,642.79$1,642.79$2,772.98
2nd payment$0.00$537.82$0.00
Taxes / mo$369.25$369.25$369.25
Insurance / mo$150.00$150.00$150.00
MI / mo$153.06$153.06$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,315.10$2,852.92$3,372.33
Cash to close$116,209$44,500$44,500