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$290,734$290,734$337,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$46,766$0
Funding fee$0$0$0
Note rate5.220%5.220%7.320%
Blended rate6.070%6.476%7.560%
1st payment$1,702.19$1,702.19$2,318.39
2nd payment$0.00$350.75$0.00
Taxes / mo$421.83$421.83$421.83
Insurance / mo$150.00$150.00$150.00
MI / mo$219.08$219.08$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,493.11$2,843.85$2,957.72
Cash to close$84,266$37,500$37,500