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$295,337$295,337$450,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$154,663$0
Funding fee$0$0$0
Note rate6.350%6.350%7.320%
Blended rate6.900%7.278%7.560%
1st payment$1,880.38$1,880.38$3,091.19
2nd payment$0.00$1,031.08$0.00
Taxes / mo$422.67$422.67$422.67
Insurance / mo$166.67$166.67$166.67
MI / mo$138.51$138.51$90.00
HOA / mo$118.67$118.67$118.67
Total monthly$2,726.89$3,757.97$3,889.19
Cash to close$204,663$50,000$50,000