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$319,828$319,828$332,910
Remaining term (yrs)27.627.630.0
Secondary amount$0$31,577$0
Funding fee$0$0$0
Note rate6.880%6.880%7.400%
Blended rate7.430%7.829%7.640%
1st payment$2,154.76$2,154.76$2,305.00
2nd payment$0.00$312.48$0.00
Taxes / mo$399.00$399.00$399.00
Insurance / mo$150.00$150.00$150.00
MI / mo$150.26$150.26$66.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,854.02$3,166.50$2,920.58
Cash to close$50,072$18,495$36,990