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$264,778$264,778$324,000
Remaining term (yrs)18.418.430.0
Secondary amount$0$59,222$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.406%7.640%
1st payment$2,048.28$2,048.28$2,243.31
2nd payment$0.00$444.17$0.00
Taxes / mo$300.00$300.00$300.00
Insurance / mo$150.00$150.00$150.00
MI / mo$125.92$125.92$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,624.19$3,068.36$2,758.11
Cash to close$95,222$36,000$36,000