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$318,571$318,571$359,910
Remaining term (yrs)27.127.130.0
Secondary amount$0$41,339$0
Funding fee$0$0$0
Note rate7.630%7.630%7.400%
Blended rate8.180%8.274%7.640%
1st payment$2,317.22$2,317.22$2,491.94
2nd payment$0.00$310.04$0.00
Taxes / mo$82.17$82.17$82.17
Insurance / mo$150.00$150.00$150.00
MI / mo$149.98$149.98$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,699.37$3,009.41$2,796.09
Cash to close$81,329$39,990$39,990