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$315,630$315,630$327,240
Remaining term (yrs)29.629.630.0
Secondary amount$0$29,790$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.466%7.560%
1st payment$2,000.45$2,000.45$2,247.91
2nd payment$0.00$294.80$0.00
Taxes / mo$52.42$52.42$52.42
Insurance / mo$150.00$150.00$150.00
MI / mo$145.06$145.06$65.45
HOA / mo$49.00$49.00$49.00
Total monthly$2,396.93$2,691.72$2,564.78
Cash to close$47,970$18,180$36,360