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$317,367$317,367$441,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$123,633$0
Funding fee$0$0$0
Note rate6.490%6.490%7.400%
Blended rate7.040%7.309%7.640%
1st payment$2,049.22$2,049.22$3,053.39
2nd payment$0.00$824.22$0.00
Taxes / mo$391.17$391.17$391.17
Insurance / mo$166.67$166.67$166.67
MI / mo$148.75$148.75$88.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,755.80$3,580.02$3,699.43
Cash to close$172,633$49,000$49,000