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$309,713$309,713$360,000
Remaining term (yrs)25.725.730.0
Secondary amount$0$50,287$0
Funding fee$0$0$0
Note rate5.300%5.300%7.400%
Blended rate6.150%6.548%7.640%
1st payment$1,836.32$1,836.32$2,492.57
2nd payment$0.00$377.15$0.00
Taxes / mo$333.33$333.33$333.33
Insurance / mo$150.00$150.00$150.00
MI / mo$234.24$234.24$72.00
HOA / mo$37.50$37.50$37.50
Total monthly$2,591.39$2,968.54$3,085.40
Cash to close$90,287$40,000$40,000