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$342,050$342,050$391,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$49,450$0
Funding fee$0$0$0
Note rate5.230%5.230%7.400%
Blended rate6.080%6.449%7.640%
1st payment$2,010.73$2,010.73$2,710.67
2nd payment$0.00$370.87$0.00
Taxes / mo$552.67$552.67$552.67
Insurance / mo$150.00$150.00$150.00
MI / mo$258.50$258.50$78.30
HOA / mo$73.00$73.00$73.00
Total monthly$3,044.90$3,415.78$3,564.63
Cash to close$92,950$43,500$43,500