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$314,022$314,022$346,500
Remaining term (yrs)26.826.830.0
Secondary amount$0$32,478$0
Funding fee$0$0$0
Note rate6.710%6.710%7.320%
Blended rate7.260%7.423%7.560%
1st payment$2,103.19$2,103.19$2,380.21
2nd payment$0.00$243.59$0.00
Taxes / mo$130.92$130.92$130.92
Insurance / mo$150.00$150.00$150.00
MI / mo$149.23$149.23$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,533.34$2,776.92$2,730.43
Cash to close$70,978$38,500$38,500