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$285,509$285,509$324,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$38,491$0
Funding fee$0$0$0
Note rate5.300%5.300%7.400%
Blended rate6.150%6.489%7.640%
1st payment$1,690.26$1,690.26$2,243.31
2nd payment$0.00$288.69$0.00
Taxes / mo$300.00$300.00$300.00
Insurance / mo$150.00$150.00$150.00
MI / mo$215.61$215.61$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,355.87$2,644.56$2,758.11
Cash to close$74,491$36,000$36,000