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$310,100$310,100$342,000
Remaining term (yrs)27.727.730.0
Secondary amount$0$31,900$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.640%7.640%
1st payment$2,101.36$2,101.36$2,367.94
2nd payment$0.00$239.25$0.00
Taxes / mo$313.50$313.50$313.50
Insurance / mo$150.00$150.00$150.00
MI / mo$145.50$145.50$68.40
HOA / mo$98.00$98.00$98.00
Total monthly$2,808.36$3,047.61$2,997.84
Cash to close$69,900$38,000$38,000