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$315,044$315,044$323,991
Remaining term (yrs)26.526.530.0
Secondary amount$0$26,947$0
Funding fee$0$0$0
Note rate6.430%6.430%7.400%
Blended rate6.980%7.366%7.640%
1st payment$2,060.80$2,060.80$2,243.25
2nd payment$0.00$266.66$0.00
Taxes / mo$522.67$522.67$522.67
Insurance / mo$150.00$150.00$150.00
MI / mo$150.53$150.53$64.80
HOA / mo$12.50$12.50$12.50
Total monthly$2,896.50$3,163.16$2,993.21
Cash to close$44,946$18,000$35,999