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$331,876$331,876$364,500
Remaining term (yrs)28.228.230.0
Secondary amount$0$32,624$0
Funding fee$0$0$0
Note rate6.930%6.930%7.320%
Blended rate7.480%7.616%7.560%
1st payment$2,231.60$2,231.60$2,503.86
2nd payment$0.00$244.68$0.00
Taxes / mo$337.50$337.50$337.50
Insurance / mo$150.00$150.00$150.00
MI / mo$154.83$154.83$72.90
HOA / mo$39.00$39.00$39.00
Total monthly$2,912.93$3,157.61$3,103.26
Cash to close$73,124$40,500$40,500