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$318,863$318,863$405,000
Remaining term (yrs)29.329.330.0
Secondary amount$0$86,137$0
Funding fee$0$0$0
Note rate6.220%6.220%7.400%
Blended rate6.770%7.244%7.640%
1st payment$1,970.44$1,970.44$2,804.14
2nd payment$0.00$646.03$0.00
Taxes / mo$310.83$310.83$310.83
Insurance / mo$150.00$150.00$150.00
MI / mo$147.14$147.14$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,578.42$3,224.45$3,345.97
Cash to close$131,137$45,000$45,000