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$318,352$318,352$370,800
Remaining term (yrs)28.028.030.0
Secondary amount$0$52,448$0
Funding fee$0$0$0
Note rate6.200%6.200%7.400%
Blended rate6.750%7.068%7.640%
1st payment$1,994.20$1,994.20$2,567.34
2nd payment$0.00$393.36$0.00
Taxes / mo$119.67$119.67$119.67
Insurance / mo$150.00$150.00$150.00
MI / mo$149.23$149.23$74.16
HOA / mo$6.25$6.25$6.25
Total monthly$2,419.35$2,812.71$2,917.42
Cash to close$93,648$41,200$41,200