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$321,695$321,695$346,500
Remaining term (yrs)26.626.630.0
Secondary amount$0$44,055$0
Funding fee$0$0$0
Note rate6.270%6.270%7.320%
Blended rate6.820%7.429%7.560%
1st payment$2,069.28$2,069.28$2,380.21
2nd payment$0.00$435.96$0.00
Taxes / mo$170.75$170.75$170.75
Insurance / mo$150.00$150.00$150.00
MI / mo$153.71$153.71$69.30
HOA / mo$16.67$16.67$16.67
Total monthly$2,560.41$2,996.37$2,786.93
Cash to close$63,305$19,250$38,500