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$312,896$312,896$324,000
Remaining term (yrs)28.628.630.0
Secondary amount$0$29,104$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.310%7.698%7.640%
1st payment$2,059.13$2,059.13$2,243.31
2nd payment$0.00$288.01$0.00
Taxes / mo$274.00$274.00$274.00
Insurance / mo$150.00$150.00$150.00
MI / mo$145.36$145.36$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,628.49$2,916.50$2,732.11
Cash to close$47,104$18,000$36,000