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$311,013$311,013$521,955
Remaining term (yrs)26.526.530.0
Secondary amount$0$210,942$0
Funding fee$0$0$0
Note rate6.600%6.600%7.320%
Blended rate7.150%7.392%7.560%
1st payment$2,068.10$2,068.10$3,585.47
2nd payment$0.00$1,362.33$0.00
Taxes / mo$449.75$449.75$449.75
Insurance / mo$166.67$166.67$166.67
MI / mo$148.42$148.42$104.39
HOA / mo$62.33$62.33$62.33
Total monthly$2,895.26$4,257.59$4,368.61
Cash to close$268,937$57,995$57,995