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$317,118$317,118$359,100
Remaining term (yrs)26.326.330.0
Secondary amount$0$41,982$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate7.120%7.340%7.640%
1st payment$2,049.82$2,049.82$2,486.34
2nd payment$0.00$314.87$0.00
Taxes / mo$115.73$115.73$115.73
Insurance / mo$150.00$150.00$150.00
MI / mo$235.32$235.32$71.82
HOA / mo$25.00$25.00$25.00
Total monthly$2,575.87$2,890.73$2,848.89
Cash to close$81,882$39,900$39,900