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$314,152$314,152$323,100
Remaining term (yrs)26.526.530.0
Secondary amount$0$26,898$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.569%7.640%
1st payment$2,099.02$2,099.02$2,237.08
2nd payment$0.00$266.17$0.00
Taxes / mo$299.17$299.17$299.17
Insurance / mo$150.00$150.00$150.00
MI / mo$149.86$149.86$64.62
HOA / mo$160.00$160.00$160.00
Total monthly$2,858.05$3,124.22$2,910.87
Cash to close$44,848$17,950$35,900