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$311,971$311,971$359,100
Remaining term (yrs)26.926.930.0
Secondary amount$0$47,129$0
Funding fee$0$0$0
Note rate7.070%7.070%7.320%
Blended rate7.620%7.801%7.560%
1st payment$2,157.83$2,157.83$2,466.77
2nd payment$0.00$353.46$0.00
Taxes / mo$69.31$69.31$69.31
Insurance / mo$150.00$150.00$150.00
MI / mo$147.61$147.61$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,524.75$2,878.21$2,757.89
Cash to close$87,029$39,900$39,900