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$318,351$318,351$373,500
Remaining term (yrs)26.326.330.0
Secondary amount$0$55,149$0
Funding fee$0$0$0
Note rate6.150%6.150%7.240%
Blended rate6.700%7.040%7.480%
1st payment$2,033.85$2,033.85$2,545.40
2nd payment$0.00$413.62$0.00
Taxes / mo$345.83$345.83$345.83
Insurance / mo$150.00$150.00$150.00
MI / mo$153.01$153.01$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,682.70$3,096.32$3,115.93
Cash to close$96,649$41,500$41,500