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$317,728$317,728$414,000
Remaining term (yrs)29.129.130.0
Secondary amount$0$96,272$0
Funding fee$0$0$0
Note rate6.270%6.270%7.320%
Blended rate6.820%7.327%7.560%
1st payment$1,977.62$1,977.62$2,843.89
2nd payment$0.00$722.04$0.00
Taxes / mo$383.33$383.33$383.33
Insurance / mo$166.67$166.67$166.67
MI / mo$146.90$146.90$82.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,674.52$3,396.56$3,476.69
Cash to close$142,272$46,000$46,000