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$320,294$320,294$337,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$35,956$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.672%7.640%
1st payment$2,142.49$2,142.49$2,336.78
2nd payment$0.00$355.82$0.00
Taxes / mo$816.42$816.42$816.42
Insurance / mo$150.00$150.00$150.00
MI / mo$152.96$152.96$67.50
HOA / mo$8.33$8.33$8.33
Total monthly$3,270.20$3,626.02$3,379.03
Cash to close$54,706$18,750$37,500