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$312,088$312,088$391,499
Remaining term (yrs)27.727.730.0
Secondary amount$0$79,411$0
Funding fee$0$0$0
Note rate7.220%7.220%7.320%
Blended rate7.770%8.019%7.560%
1st payment$2,170.42$2,170.42$2,689.33
2nd payment$0.00$595.58$0.00
Taxes / mo$121.83$121.83$121.83
Insurance / mo$150.00$150.00$150.00
MI / mo$146.26$146.26$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,588.52$3,184.10$3,039.46
Cash to close$122,911$43,500$43,500