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$309,670$309,670$494,910
Remaining term (yrs)27.027.030.0
Secondary amount$0$185,240$0
Funding fee$0$0$0
Note rate7.570%7.570%7.400%
Blended rate8.120%8.075%7.640%
1st payment$2,242.12$2,242.12$3,426.66
2nd payment$0.00$1,234.94$0.00
Taxes / mo$584.00$584.00$584.00
Insurance / mo$166.67$166.67$166.67
MI / mo$145.97$145.97$98.98
HOA / mo$28.00$28.00$28.00
Total monthly$3,166.76$4,401.69$4,304.31
Cash to close$240,230$54,990$54,990