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$295,981$295,981$360,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$64,019$0
Funding fee$0$0$0
Note rate5.700%5.700%7.400%
Blended rate6.550%6.986%7.640%
1st payment$1,823.64$1,823.64$2,492.57
2nd payment$0.00$480.14$0.00
Taxes / mo$333.33$333.33$333.33
Insurance / mo$150.00$150.00$150.00
MI / mo$222.56$222.56$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,529.54$3,009.68$3,047.90
Cash to close$104,019$40,000$40,000