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$304,833$304,833$337,500
Remaining term (yrs)25.625.630.0
Secondary amount$0$32,667$0
Funding fee$0$0$0
Note rate5.110%5.110%7.320%
Blended rate5.960%6.254%7.560%
1st payment$1,775.77$1,775.77$2,318.39
2nd payment$0.00$245.00$0.00
Taxes / mo$416.17$416.17$416.17
Insurance / mo$150.00$150.00$150.00
MI / mo$231.41$231.41$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,573.34$2,818.34$2,952.06
Cash to close$70,167$37,500$37,500