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$314,679$314,679$335,250
Remaining term (yrs)27.127.130.0
Secondary amount$0$39,196$0
Funding fee$0$0$0
Note rate7.310%7.310%7.400%
Blended rate7.860%8.305%7.640%
1st payment$2,221.88$2,221.88$2,321.20
2nd payment$0.00$387.87$0.00
Taxes / mo$419.58$419.58$419.58
Insurance / mo$150.00$150.00$150.00
MI / mo$148.40$148.40$67.05
HOA / mo$95.00$95.00$95.00
Total monthly$3,034.86$3,422.73$3,052.84
Cash to close$57,821$18,625$37,250