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$330,717$330,717$449,100
Remaining term (yrs)25.925.930.0
Secondary amount$0$118,383$0
Funding fee$0$0$0
Note rate5.300%5.300%7.400%
Blended rate6.150%6.638%7.640%
1st payment$1,954.98$1,954.98$3,109.48
2nd payment$0.00$789.22$0.00
Taxes / mo$349.58$349.58$349.58
Insurance / mo$166.67$166.67$166.67
MI / mo$249.37$249.37$89.82
HOA / mo$9.25$9.25$9.25
Total monthly$2,729.85$3,519.07$3,724.80
Cash to close$168,283$49,900$49,900