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$314,376$314,376$328,500
Remaining term (yrs)27.327.330.0
Secondary amount$0$32,374$0
Funding fee$0$0$0
Note rate6.620%6.620%7.400%
Blended rate7.170%7.609%7.640%
1st payment$2,073.68$2,073.68$2,274.47
2nd payment$0.00$320.36$0.00
Taxes / mo$326.83$326.83$326.83
Insurance / mo$150.00$150.00$150.00
MI / mo$148.51$148.51$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,699.02$3,019.38$2,817.00
Cash to close$50,624$18,250$36,500