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$315,250$315,250$351,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$35,750$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.249%7.640%
1st payment$2,149.01$2,149.01$2,430.25
2nd payment$0.00$268.12$0.00
Taxes / mo$263.83$263.83$263.83
Insurance / mo$150.00$150.00$150.00
MI / mo$145.88$145.88$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,708.72$2,976.84$2,914.29
Cash to close$74,750$39,000$39,000