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$305,624$305,624$337,410
Remaining term (yrs)25.925.930.0
Secondary amount$0$31,786$0
Funding fee$0$0$0
Note rate5.550%5.550%7.400%
Blended rate6.400%6.645%7.640%
1st payment$1,849.94$1,849.94$2,336.16
2nd payment$0.00$238.39$0.00
Taxes / mo$93.58$93.58$93.58
Insurance / mo$150.00$150.00$150.00
MI / mo$229.52$229.52$67.48
HOA / mo$0.00$0.00$0.00
Total monthly$2,323.04$2,561.43$2,647.22
Cash to close$69,276$37,490$37,490