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$310,610$310,610$405,000
Remaining term (yrs)26.326.330.0
Secondary amount$0$94,390$0
Funding fee$0$0$0
Note rate6.650%6.650%7.320%
Blended rate7.200%7.620%7.560%
1st payment$2,080.11$2,080.11$2,782.07
2nd payment$0.00$707.92$0.00
Taxes / mo$151.50$151.50$151.50
Insurance / mo$150.00$150.00$150.00
MI / mo$148.51$148.51$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,530.12$3,238.04$3,164.57
Cash to close$139,390$45,000$45,000