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$311,545$311,545$337,500
Remaining term (yrs)26.726.730.0
Secondary amount$0$25,955$0
Funding fee$0$0$0
Note rate6.430%6.430%7.400%
Blended rate6.980%7.135%7.640%
1st payment$2,033.15$2,033.15$2,336.78
2nd payment$0.00$194.66$0.00
Taxes / mo$109.42$109.42$109.42
Insurance / mo$150.00$150.00$150.00
MI / mo$148.51$148.51$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,441.07$2,635.74$2,663.70
Cash to close$63,455$37,500$37,500