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$313,244$313,244$323,100
Remaining term (yrs)26.926.930.0
Secondary amount$0$27,806$0
Funding fee$0$0$0
Note rate6.960%6.960%7.400%
Blended rate7.510%7.866%7.640%
1st payment$2,146.38$2,146.38$2,237.08
2nd payment$0.00$275.16$0.00
Taxes / mo$519.50$519.50$519.50
Insurance / mo$150.00$150.00$150.00
MI / mo$148.47$148.47$64.62
HOA / mo$16.67$16.67$16.67
Total monthly$2,981.01$3,256.18$2,987.87
Cash to close$45,756$17,950$35,900