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$318,950$318,950$332,910
Remaining term (yrs)27.327.330.0
Secondary amount$0$32,455$0
Funding fee$0$0$0
Note rate6.610%6.610%7.320%
Blended rate7.160%7.595%7.560%
1st payment$2,101.79$2,101.79$2,286.86
2nd payment$0.00$321.17$0.00
Taxes / mo$222.92$222.92$222.92
Insurance / mo$150.00$150.00$150.00
MI / mo$150.68$150.68$66.58
HOA / mo$193.00$193.00$193.00
Total monthly$2,818.38$3,139.56$2,919.36
Cash to close$50,950$18,495$36,990