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$311,883$311,883$341,100
Remaining term (yrs)27.227.230.0
Secondary amount$0$29,217$0
Funding fee$0$0$0
Note rate6.260%6.260%7.320%
Blended rate6.810%6.998%7.560%
1st payment$1,987.72$1,987.72$2,343.12
2nd payment$0.00$219.13$0.00
Taxes / mo$110.25$110.25$110.25
Insurance / mo$150.00$150.00$150.00
MI / mo$144.24$144.24$68.22
HOA / mo$0.00$0.00$0.00
Total monthly$2,392.20$2,611.33$2,671.59
Cash to close$67,117$37,900$37,900