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$316,683$316,683$375,300
Remaining term (yrs)20.820.830.0
Secondary amount$0$58,617$0
Funding fee$0$0$0
Note rate4.650%4.650%7.400%
Blended rate5.500%6.047%7.640%
1st payment$1,975.45$1,975.45$2,598.50
2nd payment$0.00$439.63$0.00
Taxes / mo$136.58$136.58$136.58
Insurance / mo$150.00$150.00$150.00
MI / mo$247.93$247.93$75.06
HOA / mo$45.00$45.00$45.00
Total monthly$2,554.96$2,994.59$3,005.14
Cash to close$100,317$41,700$41,700