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$306,471$306,471$341,100
Remaining term (yrs)26.726.730.0
Secondary amount$0$34,629$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.041%7.640%
1st payment$1,968.99$1,968.99$2,361.71
2nd payment$0.00$259.72$0.00
Taxes / mo$315.83$315.83$315.83
Insurance / mo$150.00$150.00$150.00
MI / mo$146.26$146.26$68.22
HOA / mo$410.00$410.00$410.00
Total monthly$2,991.08$3,250.80$3,305.76
Cash to close$72,529$37,900$37,900