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$316,387$316,387$342,000
Remaining term (yrs)26.926.930.0
Secondary amount$0$25,613$0
Funding fee$0$0$0
Note rate6.810%6.810%7.320%
Blended rate7.360%7.483%7.560%
1st payment$2,137.12$2,137.12$2,349.30
2nd payment$0.00$192.10$0.00
Taxes / mo$255.58$255.58$255.58
Insurance / mo$150.00$150.00$150.00
MI / mo$150.10$150.10$68.40
HOA / mo$630.00$630.00$630.00
Total monthly$3,322.80$3,514.90$3,453.29
Cash to close$63,613$38,000$38,000