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$315,500$315,500$328,500
Remaining term (yrs)27.427.430.0
Secondary amount$0$31,250$0
Funding fee$0$0$0
Note rate6.900%6.900%7.400%
Blended rate7.450%7.849%7.640%
1st payment$2,134.01$2,134.01$2,274.47
2nd payment$0.00$309.24$0.00
Taxes / mo$270.67$270.67$270.67
Insurance / mo$150.00$150.00$150.00
MI / mo$148.51$148.51$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,703.19$3,012.43$2,760.83
Cash to close$49,500$18,250$36,500