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$311,490$311,490$352,800
Remaining term (yrs)29.129.130.0
Secondary amount$0$41,310$0
Funding fee$0$0$0
Note rate6.300%6.300%7.320%
Blended rate6.850%7.102%7.560%
1st payment$1,944.84$1,944.84$2,423.49
2nd payment$0.00$309.82$0.00
Taxes / mo$245.33$245.33$245.33
Insurance / mo$150.00$150.00$150.00
MI / mo$144.01$144.01$70.56
HOA / mo$0.00$0.00$0.00
Total monthly$2,484.18$2,794.00$2,889.38
Cash to close$80,510$39,200$39,200