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$309,852$309,852$354,600
Remaining term (yrs)27.027.030.0
Secondary amount$0$44,748$0
Funding fee$0$0$0
Note rate7.310%7.310%7.400%
Blended rate7.860%8.004%7.640%
1st payment$2,189.92$2,189.92$2,455.18
2nd payment$0.00$335.61$0.00
Taxes / mo$445.92$445.92$445.92
Insurance / mo$150.00$150.00$150.00
MI / mo$146.26$146.26$70.92
HOA / mo$83.33$83.33$83.33
Total monthly$3,015.42$3,351.03$3,205.35
Cash to close$84,148$39,400$39,400