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$330,275$330,275$342,000
Remaining term (yrs)28.428.430.0
Secondary amount$0$30,725$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.461%7.640%
1st payment$2,121.62$2,121.62$2,367.94
2nd payment$0.00$304.05$0.00
Taxes / mo$83.08$83.08$83.08
Insurance / mo$150.00$150.00$150.00
MI / mo$153.85$153.85$68.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,508.55$2,812.60$2,669.42
Cash to close$49,725$19,000$38,000