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$319,420$319,420$430,920
Remaining term (yrs)29.029.030.0
Secondary amount$0$111,500$0
Funding fee$0$0$0
Note rate6.260%6.260%7.400%
Blended rate6.810%7.118%7.640%
1st payment$1,988.08$1,988.08$2,983.60
2nd payment$0.00$743.34$0.00
Taxes / mo$399.00$399.00$399.00
Insurance / mo$166.67$166.67$166.67
MI / mo$147.83$147.83$86.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,701.58$3,444.91$3,635.45
Cash to close$159,380$47,880$47,880