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$309,438$309,438$346,500
Remaining term (yrs)29.229.230.0
Secondary amount$0$37,062$0
Funding fee$0$0$0
Note rate6.220%6.220%7.400%
Blended rate6.770%7.009%7.640%
1st payment$1,914.11$1,914.11$2,399.10
2nd payment$0.00$277.96$0.00
Taxes / mo$215.83$215.83$215.83
Insurance / mo$150.00$150.00$150.00
MI / mo$142.94$142.94$69.30
HOA / mo$55.00$55.00$55.00
Total monthly$2,477.88$2,755.85$2,889.23
Cash to close$75,562$38,500$38,500