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$311,660$311,660$387,000
Remaining term (yrs)26.726.730.0
Secondary amount$0$75,340$0
Funding fee$0$0$0
Note rate6.350%6.350%7.320%
Blended rate6.900%7.309%7.560%
1st payment$2,018.08$2,018.08$2,658.42
2nd payment$0.00$565.05$0.00
Taxes / mo$225.42$225.42$225.42
Insurance / mo$150.00$150.00$150.00
MI / mo$148.65$148.65$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,542.15$3,107.20$3,111.24
Cash to close$118,340$43,000$43,000