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$313,633$313,633$332,100
Remaining term (yrs)26.926.930.0
Secondary amount$0$36,917$0
Funding fee$0$0$0
Note rate7.180%7.180%7.320%
Blended rate7.730%8.167%7.560%
1st payment$2,191.94$2,191.94$2,281.30
2nd payment$0.00$365.33$0.00
Taxes / mo$299.25$299.25$299.25
Insurance / mo$150.00$150.00$150.00
MI / mo$148.30$148.30$66.42
HOA / mo$122.00$122.00$122.00
Total monthly$2,911.49$3,276.82$2,918.97
Cash to close$55,367$18,450$36,900