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$311,038$311,038$337,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$26,462$0
Funding fee$0$0$0
Note rate5.100%5.100%7.400%
Blended rate5.950%6.189%7.640%
1st payment$1,807.26$1,807.26$2,336.78
2nd payment$0.00$198.46$0.00
Taxes / mo$194.83$194.83$194.83
Insurance / mo$150.00$150.00$150.00
MI / mo$235.78$235.78$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,387.87$2,586.33$2,749.12
Cash to close$63,962$37,500$37,500