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$319,430$319,430$359,100
Remaining term (yrs)26.426.430.0
Secondary amount$0$39,670$0
Funding fee$0$0$0
Note rate6.260%6.260%7.400%
Blended rate6.810%7.052%7.640%
1st payment$2,057.69$2,057.69$2,486.34
2nd payment$0.00$297.53$0.00
Taxes / mo$57.00$57.00$57.00
Insurance / mo$150.00$150.00$150.00
MI / mo$153.01$153.01$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,417.70$2,715.22$2,765.16
Cash to close$79,570$39,900$39,900