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$321,137$321,137$359,910
Remaining term (yrs)37.437.430.0
Secondary amount$0$38,773$0
Funding fee$0$0$0
Note rate6.640%6.640%7.320%
Blended rate7.190%7.385%7.560%
1st payment$1,938.81$1,938.81$2,472.33
2nd payment$0.00$290.80$0.00
Taxes / mo$350.25$350.25$350.25
Insurance / mo$150.00$150.00$150.00
MI / mo$149.23$149.23$71.98
HOA / mo$85.00$85.00$85.00
Total monthly$2,673.30$2,964.09$3,129.56
Cash to close$78,763$39,990$39,990