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$318,815$318,815$369,000
Remaining term (yrs)28.628.630.0
Secondary amount$0$50,185$0
Funding fee$0$0$0
Note rate6.760%6.760%7.320%
Blended rate7.310%7.540%7.560%
1st payment$2,098.09$2,098.09$2,534.77
2nd payment$0.00$376.38$0.00
Taxes / mo$723.00$723.00$723.00
Insurance / mo$150.00$150.00$150.00
MI / mo$148.11$148.11$73.80
HOA / mo$233.33$233.33$233.33
Total monthly$3,352.53$3,728.91$3,714.90
Cash to close$91,185$41,000$41,000