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$316,392$316,392$450,000
Remaining term (yrs)28.828.830.0
Secondary amount$0$133,608$0
Funding fee$0$0$0
Note rate6.740%6.740%7.320%
Blended rate7.290%7.501%7.560%
1st payment$2,074.07$2,074.07$3,091.19
2nd payment$0.00$890.72$0.00
Taxes / mo$243.17$243.17$243.17
Insurance / mo$166.67$166.67$166.67
MI / mo$146.71$146.71$90.00
HOA / mo$79.00$79.00$79.00
Total monthly$2,709.62$3,600.34$3,670.02
Cash to close$183,608$50,000$50,000