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$317,147$317,147$328,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$29,603$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.462%7.560%
1st payment$2,079.07$2,079.07$2,256.57
2nd payment$0.00$292.94$0.00
Taxes / mo$287.00$287.00$287.00
Insurance / mo$150.00$150.00$150.00
MI / mo$150.76$150.76$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,666.83$2,959.78$2,759.27
Cash to close$47,853$18,250$36,500