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$315,842$315,842$476,910
Remaining term (yrs)25.825.830.0
Secondary amount$0$161,068$0
Funding fee$0$0$0
Note rate5.780%5.780%7.400%
Blended rate6.630%7.093%7.640%
1st payment$1,961.42$1,961.42$3,302.03
2nd payment$0.00$1,073.79$0.00
Taxes / mo$512.75$512.75$512.75
Insurance / mo$166.67$166.67$166.67
MI / mo$237.30$237.30$95.38
HOA / mo$24.00$24.00$24.00
Total monthly$2,902.14$3,975.92$4,100.83
Cash to close$214,058$52,990$52,990