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$316,871$316,871$535,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$218,629$0
Funding fee$0$0$0
Note rate6.850%6.850%7.400%
Blended rate7.400%7.543%7.640%
1st payment$2,120.19$2,120.19$3,707.69
2nd payment$0.00$1,411.98$0.00
Taxes / mo$143.00$143.00$143.00
Insurance / mo$166.67$166.67$166.67
MI / mo$148.30$148.30$107.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,578.16$3,990.13$4,124.46
Cash to close$278,129$59,500$59,500