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$319,097$319,097$360,000
Remaining term (yrs)26.726.730.0
Secondary amount$0$40,903$0
Funding fee$0$0$0
Note rate6.430%6.430%7.400%
Blended rate6.980%7.210%7.640%
1st payment$2,082.43$2,082.43$2,492.57
2nd payment$0.00$306.77$0.00
Taxes / mo$391.75$391.75$391.75
Insurance / mo$150.00$150.00$150.00
MI / mo$152.11$152.11$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,776.29$3,083.06$3,106.32
Cash to close$80,903$40,000$40,000