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$321,328$321,328$395,100
Remaining term (yrs)29.129.130.0
Secondary amount$0$73,772$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.414%7.640%
1st payment$2,048.04$2,048.04$2,735.59
2nd payment$0.00$553.29$0.00
Taxes / mo$404.58$404.58$404.58
Insurance / mo$150.00$150.00$150.00
MI / mo$148.51$148.51$79.02
HOA / mo$47.00$47.00$47.00
Total monthly$2,798.13$3,351.42$3,416.20
Cash to close$117,672$43,900$43,900