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$303,695$303,695$355,500
Remaining term (yrs)26.026.030.0
Secondary amount$0$51,805$0
Funding fee$0$0$0
Note rate5.090%5.090%7.400%
Blended rate5.940%6.386%7.640%
1st payment$1,751.96$1,751.96$2,461.41
2nd payment$0.00$388.54$0.00
Taxes / mo$151.17$151.17$151.17
Insurance / mo$150.00$150.00$150.00
MI / mo$228.82$228.82$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,281.95$2,670.48$2,833.68
Cash to close$91,305$39,500$39,500