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$327,381$327,381$337,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$28,869$0
Funding fee$0$0$0
Note rate5.300%5.300%7.320%
Blended rate6.150%6.614%7.560%
1st payment$1,941.07$1,941.07$2,318.39
2nd payment$0.00$285.69$0.00
Taxes / mo$225.33$225.33$225.33
Insurance / mo$150.00$150.00$150.00
MI / mo$247.60$247.60$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,564.00$2,849.69$2,761.22
Cash to close$47,619$18,750$37,500