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$316,566$316,566$418,500
Remaining term (yrs)27.427.430.0
Secondary amount$0$101,934$0
Funding fee$0$0$0
Note rate6.660%6.660%7.400%
Blended rate7.210%7.402%7.640%
1st payment$2,094.06$2,094.06$2,897.61
2nd payment$0.00$679.56$0.00
Taxes / mo$431.58$431.58$431.58
Insurance / mo$166.67$166.67$166.67
MI / mo$149.35$149.35$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,841.66$3,521.22$3,579.56
Cash to close$148,434$46,500$46,500