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$315,064$315,064$418,410
Remaining term (yrs)27.727.730.0
Secondary amount$0$103,346$0
Funding fee$0$0$0
Note rate6.940%6.940%7.400%
Blended rate7.490%7.616%7.640%
1st payment$2,132.93$2,132.93$2,896.99
2nd payment$0.00$688.97$0.00
Taxes / mo$561.00$561.00$561.00
Insurance / mo$166.67$166.67$166.67
MI / mo$147.83$147.83$83.68
HOA / mo$56.00$56.00$56.00
Total monthly$3,064.43$3,753.40$3,764.33
Cash to close$149,836$46,490$46,490