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$305,460$305,460$432,000
Remaining term (yrs)26.326.330.0
Secondary amount$0$126,540$0
Funding fee$0$0$0
Note rate6.120%6.120%7.320%
Blended rate6.670%7.060%7.560%
1st payment$1,943.32$1,943.32$2,967.54
2nd payment$0.00$843.60$0.00
Taxes / mo$454.42$454.42$454.42
Insurance / mo$166.67$166.67$166.67
MI / mo$146.67$146.67$86.40
HOA / mo$546.67$546.67$546.67
Total monthly$3,257.74$4,101.34$4,221.69
Cash to close$174,540$48,000$48,000