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$311,689$311,689$629,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$317,411$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.350%7.552%7.640%
1st payment$2,104.55$2,104.55$4,355.76
2nd payment$0.00$2,049.95$0.00
Taxes / mo$520.47$520.47$520.47
Insurance / mo$0.00$0.00$0.00
MI / mo$236.00$236.00$125.82
HOA / mo$84.58$84.58$84.58
Total monthly$2,945.59$4,995.54$5,086.63
Cash to close$387,311$69,900$69,900