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$307,819$307,819$395,100
Remaining term (yrs)26.526.530.0
Secondary amount$0$87,281$0
Funding fee$0$0$0
Note rate6.280%6.280%7.320%
Blended rate6.830%7.309%7.560%
1st payment$1,984.36$1,984.36$2,714.06
2nd payment$0.00$654.61$0.00
Taxes / mo$231.92$231.92$231.92
Insurance / mo$150.00$150.00$150.00
MI / mo$147.25$147.25$79.02
HOA / mo$16.67$16.67$16.67
Total monthly$2,530.19$3,184.80$3,191.67
Cash to close$131,181$43,900$43,900