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$319,456$319,456$332,100
Remaining term (yrs)27.427.430.0
Secondary amount$0$31,094$0
Funding fee$0$0$0
Note rate6.660%6.660%7.400%
Blended rate7.210%7.624%7.640%
1st payment$2,113.17$2,113.17$2,299.39
2nd payment$0.00$307.71$0.00
Taxes / mo$527.67$527.67$527.67
Insurance / mo$150.00$150.00$150.00
MI / mo$150.72$150.72$66.42
HOA / mo$84.00$84.00$84.00
Total monthly$3,025.55$3,333.26$3,127.48
Cash to close$49,544$18,450$36,900