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$321,614$321,614$332,910
Remaining term (yrs)26.726.730.0
Secondary amount$0$29,791$0
Funding fee$0$0$0
Note rate6.710%6.710%7.400%
Blended rate7.260%7.651%7.640%
1st payment$2,156.42$2,156.42$2,305.00
2nd payment$0.00$294.81$0.00
Taxes / mo$200.00$200.00$200.00
Insurance / mo$150.00$150.00$150.00
MI / mo$153.01$153.01$66.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,659.43$2,954.24$2,721.58
Cash to close$48,286$18,495$36,990