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$310,331$310,331$337,500
Remaining term (yrs)26.726.730.0
Secondary amount$0$27,169$0
Funding fee$0$0$0
Note rate6.790%6.790%7.400%
Blended rate7.340%7.474%7.640%
1st payment$2,096.76$2,096.76$2,336.78
2nd payment$0.00$203.77$0.00
Taxes / mo$609.75$609.75$609.75
Insurance / mo$150.00$150.00$150.00
MI / mo$147.56$147.56$67.50
HOA / mo$18.00$18.00$18.00
Total monthly$3,022.07$3,225.84$3,182.03
Cash to close$64,669$37,500$37,500