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$316,150$316,150$445,500
Remaining term (yrs)27.027.030.0
Secondary amount$0$129,350$0
Funding fee$0$0$0
Note rate7.310%7.310%7.320%
Blended rate7.860%7.901%7.560%
1st payment$2,234.43$2,234.43$3,060.28
2nd payment$0.00$862.33$0.00
Taxes / mo$270.83$270.83$270.83
Insurance / mo$166.67$166.67$166.67
MI / mo$149.23$149.23$89.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,821.17$3,683.50$3,586.88
Cash to close$178,850$49,500$49,500