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$314,702$314,702$355,500
Remaining term (yrs)29.129.130.0
Secondary amount$0$40,798$0
Funding fee$0$0$0
Note rate6.270%6.270%7.240%
Blended rate6.820%7.070%7.480%
1st payment$1,958.79$1,958.79$2,422.73
2nd payment$0.00$305.98$0.00
Taxes / mo$694.25$694.25$694.25
Insurance / mo$150.00$150.00$150.00
MI / mo$145.50$145.50$71.10
HOA / mo$25.00$25.00$25.00
Total monthly$2,973.54$3,279.52$3,363.08
Cash to close$80,298$39,500$39,500