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$301,629$301,629$346,500
Remaining term (yrs)29.429.430.0
Secondary amount$0$44,871$0
Funding fee$0$0$0
Note rate5.980%5.980%7.400%
Blended rate6.530%6.850%7.640%
1st payment$1,813.70$1,813.70$2,399.10
2nd payment$0.00$336.53$0.00
Taxes / mo$204.50$204.50$204.50
Insurance / mo$150.00$150.00$150.00
MI / mo$138.95$138.95$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,307.14$2,643.67$2,822.90
Cash to close$83,371$38,500$38,500