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$338,907$338,907$350,910
Remaining term (yrs)25.725.730.0
Secondary amount$0$31,498$0
Funding fee$0$0$0
Note rate5.230%5.230%7.400%
Blended rate6.080%6.573%7.640%
1st payment$1,995.29$1,995.29$2,429.63
2nd payment$0.00$311.70$0.00
Taxes / mo$463.25$463.25$463.25
Insurance / mo$150.00$150.00$150.00
MI / mo$256.52$256.52$70.18
HOA / mo$86.00$86.00$86.00
Total monthly$2,951.06$3,262.75$3,199.06
Cash to close$50,993$19,495$38,990