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$316,543$316,543$346,500
Remaining term (yrs)29.129.130.0
Secondary amount$0$29,957$0
Funding fee$0$0$0
Note rate6.170%6.170%7.400%
Blended rate6.720%6.917%7.640%
1st payment$1,949.83$1,949.83$2,399.10
2nd payment$0.00$224.68$0.00
Taxes / mo$102.42$102.42$102.42
Insurance / mo$150.00$150.00$150.00
MI / mo$146.38$146.38$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,348.62$2,573.30$2,720.81
Cash to close$68,457$38,500$38,500