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$315,464$315,464$333,000
Remaining term (yrs)27.627.630.0
Secondary amount$0$36,036$0
Funding fee$0$0$0
Note rate7.100%7.100%7.320%
Blended rate7.650%8.083%7.560%
1st payment$2,170.93$2,170.93$2,287.48
2nd payment$0.00$356.61$0.00
Taxes / mo$308.33$308.33$308.33
Insurance / mo$150.00$150.00$150.00
MI / mo$148.06$148.06$66.60
HOA / mo$526.00$526.00$526.00
Total monthly$3,303.33$3,659.93$3,338.41
Cash to close$54,536$18,500$37,000