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$311,272$311,272$323,910
Remaining term (yrs)26.726.730.0
Secondary amount$0$30,633$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.346%7.640%
1st payment$2,015.57$2,015.57$2,242.69
2nd payment$0.00$303.14$0.00
Taxes / mo$215.33$215.33$215.33
Insurance / mo$150.00$150.00$150.00
MI / mo$148.47$148.47$64.78
HOA / mo$38.00$38.00$38.00
Total monthly$2,567.37$2,870.51$2,710.80
Cash to close$48,628$17,995$35,990