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$300,031$300,031$481,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$181,469$0
Funding fee$0$0$0
Note rate5.550%5.550%7.400%
Blended rate6.400%7.003%7.640%
1st payment$1,816.08$1,816.08$3,333.81
2nd payment$0.00$1,209.79$0.00
Taxes / mo$422.33$422.33$422.33
Insurance / mo$166.67$166.67$166.67
MI / mo$225.32$225.32$96.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,630.40$3,840.19$4,019.11
Cash to close$234,969$53,500$53,500