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$328,307$328,307$387,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$58,693$0
Funding fee$0$0$0
Note rate4.990%4.990%7.320%
Blended rate5.840%6.319%7.560%
1st payment$1,895.39$1,895.39$2,658.42
2nd payment$0.00$440.20$0.00
Taxes / mo$102.25$102.25$102.25
Insurance / mo$150.00$150.00$150.00
MI / mo$250.38$250.38$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,398.02$2,838.22$2,988.07
Cash to close$101,693$43,000$43,000