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$298,488$298,488$323,910
Remaining term (yrs)25.525.530.0
Secondary amount$0$25,422$0
Funding fee$0$0$0
Note rate4.720%4.720%7.400%
Blended rate5.570%5.839%7.640%
1st payment$1,673.56$1,673.56$2,242.69
2nd payment$0.00$190.66$0.00
Taxes / mo$243.33$243.33$243.33
Insurance / mo$150.00$150.00$150.00
MI / mo$228.04$228.04$64.78
HOA / mo$40.00$40.00$40.00
Total monthly$2,334.93$2,525.59$2,740.80
Cash to close$61,412$35,990$35,990