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$318,554$318,554$359,910
Remaining term (yrs)29.229.230.0
Secondary amount$0$41,356$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.274%7.640%
1st payment$2,028.43$2,028.43$2,491.94
2nd payment$0.00$310.17$0.00
Taxes / mo$197.58$197.58$197.58
Insurance / mo$150.00$150.00$150.00
MI / mo$147.09$147.09$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,523.10$2,833.27$2,911.51
Cash to close$81,346$39,990$39,990