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$314,012$314,012$328,410
Remaining term (yrs)26.426.430.0
Secondary amount$0$32,643$0
Funding fee$0$0$0
Note rate6.130%6.130%7.400%
Blended rate6.680%7.169%7.640%
1st payment$1,999.69$1,999.69$2,273.84
2nd payment$0.00$323.03$0.00
Taxes / mo$154.00$154.00$154.00
Insurance / mo$150.00$150.00$150.00
MI / mo$150.76$150.76$65.68
HOA / mo$0.00$0.00$0.00
Total monthly$2,454.45$2,777.48$2,643.53
Cash to close$50,888$18,245$36,490