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$312,695$312,695$337,500
Remaining term (yrs)27.227.230.0
Secondary amount$0$43,555$0
Funding fee$0$0$0
Note rate7.290%7.290%7.400%
Blended rate7.840%8.333%7.640%
1st payment$2,201.60$2,201.60$2,336.78
2nd payment$0.00$431.01$0.00
Taxes / mo$478.25$478.25$478.25
Insurance / mo$150.00$150.00$150.00
MI / mo$147.33$147.33$67.50
HOA / mo$35.00$35.00$35.00
Total monthly$3,012.19$3,443.20$3,067.53
Cash to close$62,305$18,750$37,500