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$300,004$300,004$400,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$100,496$0
Funding fee$0$0$0
Note rate6.320%6.320%7.400%
Blended rate6.870%7.154%7.640%
1st payment$1,943.89$1,943.89$2,772.98
2nd payment$0.00$669.97$0.00
Taxes / mo$180.75$180.75$180.75
Insurance / mo$150.00$150.00$150.00
MI / mo$143.64$143.64$80.10
HOA / mo$128.33$128.33$128.33
Total monthly$2,546.60$3,216.58$3,312.16
Cash to close$144,996$44,500$44,500