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$319,140$319,140$337,410
Remaining term (yrs)28.528.530.0
Secondary amount$0$37,015$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.551%7.560%
1st payment$2,048.04$2,048.04$2,317.77
2nd payment$0.00$366.29$0.00
Taxes / mo$454.22$454.22$454.22
Insurance / mo$150.00$150.00$150.00
MI / mo$148.51$148.51$67.48
HOA / mo$0.00$0.00$0.00
Total monthly$2,800.77$3,167.07$2,989.48
Cash to close$55,760$18,745$37,490